TMI BlogInterest Disallowance u/s 36(1)(iii) Reviewed: Investment in Subsidiaries Confirmed as Business Purpose, Interest Claim Justified.Disallowance of interest u/s 36(1)(iii) - it can be said that amount invested in the subsidiaries company was arising out of commercial expediency and was thus for the purpose of business of the assessee. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|