Interest-free loans to its wholly owned subsidiary - fact ...
Taxpayer's Income Increased Due to Interest-Free Loans to Subsidiary, Confirmed by Assessment Officer's Findings.
April 24, 2013
Case Laws Income Tax HC
Interest-free loans to its wholly owned subsidiary - fact noticed by AO would establish a direct nexus with the borrowings made by the assessee and loans granted by the assessee. - Addition confirmed. - HC
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