Addition of interest on paid on loan - diversion of fund - if ...

Interest on Loans Not Added if Year-End Profit Shows Commercial Intent, Prevents Fund Diversion Concerns.

August 26, 2019

Case Laws Income Tax AT

Addition of interest on paid on loan - diversion of fund - if the business concern show profit at the end of the year, it is an added feature which proves that the transactions entered by the concern are for commercial expediency and in the regular course of business - no addition

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Addition of interest on paid on loan - diversion of fund - if ...

Interest on Loans Not Added if Year-End Profit Shows Commercial Intent, Prevents Fund Diversion Concerns.

August 26, 2019

Case Laws Income Tax AT

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