Section 263 Revision Based on External Dictation Quashed; Interest-Free Loan to Overseas Subsidiary Held Quasi-Equity and Purchases Made for Commercial Expediency Allowed
Section 263 Revision Based on External Dictation Quashed; Interest-Free Loan to Overseas Subsidiary Held Quasi-Equity and Purchases Made for Commercial Expediency Allowed Issue Issue I (Section 263 Revision): Whether a revision order under Section 263 is legally sustainable when initiated under dictates/pressures from higher authorities rather than through independent application of mind by the Administrative… Read More »