Interest free finance to subsidiary company - The expenditure ...

Interest-free loans to subsidiaries can qualify as business expenses if justified by commercial expediency.

April 2, 2013

Case Laws Income Tax AT

Interest free finance to subsidiary company - The expenditure may not have been incurred under any legal obligation, but yet it is allowable as business expenditure if it was incurred on grounds of commercial expediency. - AT

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Interest free finance to subsidiary company - The expenditure ...

Interest-free loans to subsidiaries can qualify as business expenses if justified by commercial expediency.

April 2, 2013

Case Laws Income Tax AT

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