TMI BlogDisallowance of interest on borrowings - assessee has not been able to prove that there is commercial...Disallowance of interest on borrowings - assessee has not been able to prove that there is commercial expediency in diverting interest free funds to the sisterconcerns when assessee was paying huge interest on its borrowings - Therefore, the interest expenditure to the extent of funds diverted to sister concerns has been rightly disallowed by the A.O. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
