Disallowance of deduction of interest expenditure from interest ...

Case Laws Income Tax

January 1, 2016

Disallowance of deduction of interest expenditure from interest Income - there is a director nexus between the interest earned from the company and the interest paid to the bank. Under these circumstances, the interest expenditure, in our opinion, was rightly allowed - AT

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Disallowance of deduction of interest expenditure from interest ...

Case Laws Income Tax

January 1, 2016

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