Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2002 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (4) TMI 963 - ITAT MUMBAIExtract: ....... the assessee is not the beneficiary of the investments made by the partners, their relatives and sister concerns, and so long as the advances are interest free, the Assessing Officer is perfectly justified in disallowing the interest in proportion to the advances made." 11. In the result, the appeal filed by the assessee-company is dismissed.
|