Interest expenditure on borrowed capital - expenditure is only ...

Interest Costs on Loans Used to Offset Borrower Losses Redirected to Shareholders Deemed Invalid, Says Assessee.

December 23, 2015

Case Laws Income Tax AT

Interest expenditure on borrowed capital - expenditure is only to contain the losses of the borrower-company, by diverting it to the shareholders to that extent. The assessee’s claim is without merit - AT

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Interest expenditure on borrowed capital - expenditure is only ...

Interest Costs on Loans Used to Offset Borrower Losses Redirected to Shareholders Deemed Invalid, Says Assessee.

December 23, 2015

Case Laws Income Tax AT

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