Disallowance of interest expenditure u/s 36(1)(iii) - Unless the ...

Interest Expense Disallowance u/s 36(1)(iii) Needs Proof of Direct Link Between Investment and Borrowed Funds.

September 12, 2015

Case Laws Income Tax AT

Disallowance of interest expenditure u/s 36(1)(iii) - Unless the department establishes a nexus between investment made and the borrowal of funds, no disallowance of interest expenditure on presumptive basis can be made. - AT

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Disallowance of interest expenditure u/s 36(1)(iii) - Unless the ...

Interest Expense Disallowance u/s 36(1)(iii) Needs Proof of Direct Link Between Investment and Borrowed Funds.

September 12, 2015

Case Laws Income Tax AT

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