Allowability of gross loss incurred in financing activity – No ...

Court Confirms Disallowance of Claimed Loss Due to Unjustified High Interest Rates in Financing Activity.

April 19, 2014

Case Laws Income Tax AT

Allowability of gross loss incurred in financing activity – No basis or justification for the payment at interest rates, charged ostensibly at prevailing rates by the assessee, in excess of that charged, stands furnished - disallowance confirmed - AT

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Allowability of gross loss incurred in financing activity – No ...

Court Confirms Disallowance of Claimed Loss Due to Unjustified High Interest Rates in Financing Activity.

April 19, 2014

Case Laws Income Tax AT

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