Allowability of gross loss incurred in financing activity – No ...

Income Tax

April 19, 2014

Allowability of gross loss incurred in financing activity – No basis or justification for the payment at interest rates, charged ostensibly at prevailing rates by the assessee, in excess of that charged, stands furnished - disallowance confirmed - AT

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Allowability of gross loss incurred in financing activity – No ...

Income Tax

April 19, 2014

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