nterest on loan to Managing Director - unless interest payment ...

Interest on Loan to Managing Director Not Automatically Non-Business; Requires Proof of Diverted Funds. Decision Sent Back.

July 1, 2013

Case Laws Income Tax AT

nterest on loan to Managing Director - unless interest payment is directly related to the diverted funds, it cannot be said that interest incurred by the assessee was for non business purpose - remit this issue to AO to decide afresh. - AT

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nterest on loan to Managing Director - unless interest payment ...

Interest on Loan to Managing Director Not Automatically Non-Business; Requires Proof of Diverted Funds. Decision Sent Back.

July 1, 2013

Case Laws Income Tax AT

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