Disallowance u/s 36(1)(iii) - commercial expediency to give no ...

Case Laws Income Tax

May 30, 2022

Disallowance u/s 36(1)(iii) - commercial expediency to give no interest loans - the assessee’s arguments that there was a running account with the sister concern (viz. another company having common director), which was not demonstrated any business expediency between the assessee company with that of its subsidiary company. - additions confirmed - AT

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Disallowance u/s 36(1)(iii) - commercial expediency to give no ...

Case Laws Income Tax

May 30, 2022

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