Disallowance of interest expenditure under section 36(1)(iii) - ...

Interest-Free Loan to Sister Concern Justified for Business Purpose, Interest Expenditure Allowable u/s 36(1)(iii.

January 25, 2016

Case Laws Income Tax AT

Disallowance of interest expenditure under section 36(1)(iii) - assessee has a business interest in the sister concern, therefore, advancement of interest free loan to the sister concern can be considered to be for commercial expediency. - AT

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Disallowance of interest expenditure under section 36(1)(iii) - ...

Interest-Free Loan to Sister Concern Justified for Business Purpose, Interest Expenditure Allowable u/s 36(1)(iii.

January 25, 2016

Case Laws Income Tax AT

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