Allowability of interest on loan u/s 57 - as soon as the ...

Loan Interest Allowed u/s 57 Due to Clear Nexus Between Borrowed Funds and Their Use by Assessee.

June 17, 2019

Case Laws Income Tax AT

Allowability of interest on loan u/s 57 - as soon as the assessee received the funds from HDFC Ltd, BHW Home Finance and Religare Finvest Ltd., the same were transferred to MIPL, thus clearly establishing the direct link/nexus between the borrowings and lending - No disallowance

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Allowability of interest on loan u/s 57 - as soon as the ...

Loan Interest Allowed u/s 57 Due to Clear Nexus Between Borrowed Funds and Their Use by Assessee.

June 17, 2019

Case Laws Income Tax AT

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