Interest income on loans / ICD given to subsidiaries and group ...

Interest from Loans to Subsidiaries Classified as Business Income, Allowing Deductions u/s 36(1)(iii) of Income Tax Act.

March 11, 2020

Case Laws Income Tax AT

Interest income on loans / ICD given to subsidiaries and group concerns - Correct head of income - “income from other sources” or “income from business” as claimed by assessee - AO directed to treat interest income as “income from business” and to allow interest expenditure u/s.36(1)(iii) - AT

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Interest income on loans / ICD given to subsidiaries and group ...

Interest from Loans to Subsidiaries Classified as Business Income, Allowing Deductions u/s 36(1)(iii) of Income Tax Act.

March 11, 2020

Case Laws Income Tax AT

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