Nature of interest expenditure - AO and CIT(A) were right in ...

Finance Charges Not Deductible for Investment Activity u/s 36(1)(iii), Confirms AO and CIT(A).

March 1, 2018

Case Laws Income Tax AT

Nature of interest expenditure - AO and CIT(A) were right in treating the activity carried out by the assessee as investment activity and accordingly finance charges is not deductable under section 36(1)(iii). - AT

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Nature of interest expenditure - AO and CIT(A) were right in ...

Finance Charges Not Deductible for Investment Activity u/s 36(1)(iii), Confirms AO and CIT(A).

March 1, 2018

Case Laws Income Tax AT

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