Addition on account of interest - capital expenditure or revenue ...

Interest Expenditure on Investment in Closely Associated Entity Classified as Revenue, Not Capital Expenditure.

February 13, 2016

Case Laws Income Tax AT

Addition on account of interest - capital expenditure or revenue expenditure - assessee has "parked its investible funds in the equity shares of a closely associated concern" - there was no basis for treating the interest expenditure claimed by the assessee as capital expenditure - AT

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Addition on account of interest - capital expenditure or revenue ...

Interest Expenditure on Investment in Closely Associated Entity Classified as Revenue, Not Capital Expenditure.

February 13, 2016

Case Laws Income Tax AT

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