TMI BlogDisallowance of interest expenditure - the borrowed fund has been utilized by the assessee to procure...Disallowance of interest expenditure - the borrowed fund has been utilized by the assessee to procure the shares of such known and related companies and most of them are unquoted shares, therefore, the interest expenditure as claimed by the assessee as business expenditure is not established - Additions confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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