Disallowance of Interest on the ground that there is huge cash ...

Interest Deduction Allowed: Assessee's Single Business Deemed Legal Despite Non-Business Use of Funds Claim.

September 20, 2013

Case Laws Income Tax AT

Disallowance of Interest on the ground that there is huge cash balance and the borrowed money is utilized for the non-business purpose – there is only one business of the assessee, part of which is not held to be illegal either by IT department or by any other government agency. - claim allowed - AT

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Disallowance of Interest on the ground that there is huge cash ...

Interest Deduction Allowed: Assessee's Single Business Deemed Legal Despite Non-Business Use of Funds Claim.

September 20, 2013

Case Laws Income Tax AT

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