Whether the advancement of money to the subsidiary can be said ...

Income Tax

February 6, 2019

Whether the advancement of money to the subsidiary can be said to be for the purpose of business? - Held Yes - the advancing of money to GVL for setting up of the power project was driven by commercial expediency and therefore, was for the purpose of business.

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Whether the advancement of money to the subsidiary can be said ...

Income Tax

February 6, 2019

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