Disallowance on interest expenses in interest free advances ...

Court Deletes Disallowance of Interest Expenses on Interest-Free Advances to Sister Concern; No Income Means No Accrual.

October 31, 2014

Case Laws Income Tax HC

Disallowance on interest expenses in interest free advances given to sister concern deleted – where the income can be said not to have resulted at all, there is obviously neither accrual nor receipt of income, even though an entry to that effect might have been made in the books of account - HC

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Disallowance on interest expenses in interest free advances ...

Court Deletes Disallowance of Interest Expenses on Interest-Free Advances to Sister Concern; No Income Means No Accrual.

October 31, 2014

Case Laws Income Tax HC

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