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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Interest-free advance to subsidiary company - Nexus has been ...


Company's Interest-Free Advance to Subsidiary Found Non-Taxable Due to Lack of Interest Burden.

May 4, 2016

Case Laws     Income Tax     AT

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

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