2019 (2) TMI 2019

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..... (C) NO(S). 14729-14731/2012 with SLP(C) NO. 33060/2018 - -
Income Tax
Interest on the borrowed money - funds were utilized by the assessee to subscribe to the equity capital of the subsidiary co .....

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..... ot, we have no doubt, in our mind, that the expenditure incurred under the aforesaid circumstances would be treated as expenditure incurred for business purposes and was thus allowable under section 3 .....

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