Disallowance of Interest Expenses related to Interest free ...

Case Laws Income Tax

August 22, 2023

Disallowance of Interest Expenses related to Interest free Advance/loan given to its subsidiary company - The loan advanced to subsidiary company is financed from Interest Free Funds accumulated by the company, as noted above. Such loan was advanced out of commercial expediency to expand the business of the subsidiary company. - Additions deleted - AT

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Disallowance of Interest Expenses related to Interest free ...

Case Laws Income Tax

August 22, 2023

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