Disallowance u/s 36(1)(iii) - deduction of the interest - The ...

Income Tax

November 18, 2019

Disallowance u/s 36(1)(iii) - deduction of the interest - The assessee made investment in the group companies to take controlling interest in the group company - assessee made investment utilizing the borrowed funds for strategic business purposes - claim of deduction allowed.

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Disallowance u/s 36(1)(iii) - deduction of the interest - The ...

Income Tax

November 18, 2019

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