Addition u/s. 36(1)(iii) r.w.s. 37 - interest-free loan to ...

Case Laws Income Tax

September 14, 2021

Addition u/s. 36(1)(iii) r.w.s. 37 - interest-free loan to subsidiary in Malaysia out of borrowed funds - the CIT(Appeals) rightly held that the assessee company and subsidiary are in two different business being land development & construction and hospitality and the assessee has not been able to establish any business advantage derived by the assessee by advancing such loan - Additions confirmed - AT

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Addition u/s. 36(1)(iii) r.w.s. 37 - interest-free loan to ...

Case Laws Income Tax

September 14, 2021

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