Interest expenses utilized for business purpose or not - - no ...

Court Rules Revenue Lacks Evidence of Interest Expense Misuse; No Proof of Fraud or Fund Diversion Found.

September 30, 2014

Case Laws Income Tax HC

Interest expenses utilized for business purpose or not - - no material has been brought on record by the revenue either to demonstrate that the sarafi business was bogus or to establish diversion of interest bearing funds as low/interest free advances - HC

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Interest expenses utilized for business purpose or not - - no ...

Court Rules Revenue Lacks Evidence of Interest Expense Misuse; No Proof of Fraud or Fund Diversion Found.

September 30, 2014

Case Laws Income Tax HC

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