Dis-allowance of interest - we have to see the transfer of the ...

Interest Disallowance Focuses on Business Rationale of Fund Transfers to Sister Concerns, Not Profitability.

February 10, 2015

Case Laws Income Tax HC

Dis-allowance of interest - we have to see the transfer of the borrowed funds to a sister concern from the point of view of commercial expediency and not from the point of view whether the amount was advanced for earning profits. - HC

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Dis-allowance of interest - we have to see the transfer of the ...

Interest Disallowance Focuses on Business Rationale of Fund Transfers to Sister Concerns, Not Profitability.

February 10, 2015

Case Laws Income Tax HC

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