Disallowance of interest expenses - assessee has not charged any ...

Court Rules Interest Expenses Disallowed: No Charges on Advance to Key Personnel's Wife Justified by Assessee's Strong Financial Position.

November 9, 2020

Case Laws Income Tax AT

Disallowance of interest expenses - assessee has not charged any interest in respect of advance given to the wife of the one of the key personnel of the company - In view of the huge funds available with the assessee without any interest liability, we find that the issue is squarely covered in favour of assessee. - AT

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Disallowance of interest expenses - assessee has not charged any ...

Court Rules Interest Expenses Disallowed: No Charges on Advance to Key Personnel's Wife Justified by Assessee's Strong Financial Position.

November 9, 2020

Case Laws Income Tax AT

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