Disallowance of interest expense - loan and advances to sister ...

Interest Expense Disallowance Overturned: Sister Concern Loans at 6% vs. Borrowing Rate of 12% Justified.

October 9, 2013

Case Laws Income Tax HC

Disallowance of interest expense - loan and advances to sister concerns – Held that:- Rate of interest for advancing the loan to the sister concern was 6% and borrowing in the majority cases was at 12% - no disallowance - HC

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Disallowance of interest expense - loan and advances to sister ...

Interest Expense Disallowance Overturned: Sister Concern Loans at 6% vs. Borrowing Rate of 12% Justified.

October 9, 2013

Case Laws Income Tax HC

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