Disallowance of interest - Holding subsidiary companies - If ...

Court Examines Disallowance of Interest on Subsidiary Holdings Under Tax Rules; Potential Income Diversion Concerns Raised.

February 5, 2015

Case Laws Income Tax AT

Disallowance of interest - Holding subsidiary companies - If interest so paid is allowed, then it would be indirect benefit given by the assessee company to the FOPL and the same amounts to diversion of income of the assessee company which is not permissible - AT

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Disallowance of interest - Holding subsidiary companies - If ...

Court Examines Disallowance of Interest on Subsidiary Holdings Under Tax Rules; Potential Income Diversion Concerns Raised.

February 5, 2015

Case Laws Income Tax AT

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