TMI BlogInterest on borrowed funds disallowance - interest free loan given to sister concerns - The sister...Interest on borrowed funds disallowance - interest free loan given to sister concerns - The sister concern getting into litigation or involving itself in a arbitration proceedings to which the holding company is nowhere responsible, cannot be made a ground for allowing deduction - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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