2024 (9) TMI 35

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d exclusively for the purposes of the business - Delay filling SLP - as decided by HC [ 2022 (11) TMI 782 - ORISSA HIGH COURT] considering that the expenditure was in the nature of moneys advanced to the subsidiaries, it cannot be said that there is no intimate connection between the Assessee and the two subsidiaries as far as the business activities are concerned. HELD THAT:- There is gross delay .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X