Indian Co. was AE of Singaporean Co. as their common director participated in their management and c

IT/ILT: Where assessee, an Indian company, made purchases of textiles, yarn etc. on commission basis for 'K', a Singapore based company, in view of fact that one 'G' was holding 99.9 per cent shares in assessee-company and he was also a common director in both companies who participated in management of both companies, condition of one enterprise participating directly or indirectly or through one or more intermediaries in its management or control or capital as prescribed under clause (a) and (