Disallowance of interest on unsecured loan taken which is 100% ...

Court Rules Interest on Loan for Subsidiary Investment Is Allowable Business Expense for Parent Company.

December 10, 2022

Case Laws Income Tax AT

Disallowance of interest on unsecured loan taken which is 100% subsidiary of the assessee - addition on the ground as it is not incurred for the purpose of assessee’s business though the said borrowings were utilised for investments in subsidiaries which is part of business purpose of the assessee company - the interest on unsecured loan taken is an allowable expenditure. - AT

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Disallowance of interest on unsecured loan taken which is 100% ...

Court Rules Interest on Loan for Subsidiary Investment Is Allowable Business Expense for Parent Company.

December 10, 2022

Case Laws Income Tax AT

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