TMI BlogDisallowance of interest expenses - expense on loan taken from its 100% Holding Company - Once the...Disallowance of interest expenses - expense on loan taken from its 100% Holding Company - Once the details are perused, the obvious conclusion is that there is a clear connection between the money borrowed and its utilization for purposes of business of real estate and infrastructural development carried on by the assessee. - There is no merit in the disallowance made by the AO - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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