Disallowance of interest on borrowings - assessee has not been ...

Interest on Borrowings Disallowed Due to Lack of Commercial Expediency in Diverting Funds to Sister Concerns.

December 10, 2019

Case Laws Income Tax AT

Disallowance of interest on borrowings - assessee has not been able to prove that there is commercial expediency in diverting interest free funds to the sisterconcerns when assessee was paying huge interest on its borrowings - Therefore, the interest expenditure to the extent of funds diverted to sister concerns has been rightly disallowed by the A.O.

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Disallowance of interest on borrowings - assessee has not been ...

Interest on Borrowings Disallowed Due to Lack of Commercial Expediency in Diverting Funds to Sister Concerns.

December 10, 2019

Case Laws Income Tax AT

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