Deduction on payment of interest for borrowed loan u/s 37 - Claim of expenditure u/s 37 on account of...

Deduction on payment of interest for borrowed loan u/s 37 - Claim of expenditure u/s 37 on account of loss incurred by the subsidiary company in abandoning the new project - merely because the money was lent to a sister concern or to a subsidiary company would not enable the assessee to claim deduction- HC .....

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