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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Disallowance of interest 36(1)(iii) - advances to subsidiaries ...

Income Tax

April 11, 2019

Disallowance of interest 36(1)(iii) - advances to subsidiaries and step down subsidiaries - once the assessee has demonstrated the commercial expediency and corporate strategy for advancing interest bearing funds as interest free advances to subsidiary companies same is duly deductible

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