TMI BlogInterest-free advance to subsidiary company - Nexus has been established by the assessee and when there...Interest-free advance to subsidiary company - Nexus has been established by the assessee and when there is no interest burden on the assessee by virtue of the loan advanced to its subsidiary no such interest income can be attributed in the hands of the assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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