No disallowance for interest free advance given to sister concern out of own funds

Supreme Court of India CASE NO.: Appeal (civil) 1378 of 2008 Munjal Sales Corporation Vs. Commissioner of Income Tax DATE OF JUDGMENT: 19/02/2008 BENCH: S.H. Kapadia & B. Sudershan Reddy JUDGMENT: J U D G M E N T (Arising out of S.L.P. (C) No. 4317 OF 2007) WITH CIVIL APPEAL NO.1379 OF 2008 arising out of S.L.P. (C) No. 4392 OF 2007, CIVIL APPEAL NO.1380 OF 2008 arising out of S.L.P. (C) No. 4395 OF 2007, CIVIL APPEAL NO.1381 OF 2008 arising out of S.L.P. (C) No. 4397 OF 2007, CIVIL APPEAL NO.1382 OF 2008 arising out of S.L.P. (C) No. 6442 OF 2007, KAPADIA, J. Leave granted. ...