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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

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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