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Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. No. 508/Asr/2017 Assessment Year: 2014-15
68. Temporary loan/advance(s) were, 13 G. G. Oils & Fats Pvt. Ltd. v. Dy. CIT accordingly, even prior thereto, held as falling within the mischief of s. 2(22)(e). As explained in Walchand & Co. Ltd. v. CIT [1975] 100 ITR 598 (Bom), noted with approval in Tarulata Shyam (supra), the fact that the loan or advance was factually repaid