ITAT CHENNAI held on Mar 13, 2020 Disallowance of interest is valid when out of borrowed funds the assessee advanced interest free loan to subsidiary concern without commercial expediency.
ITAT CHENNAI held on Mar 13, 2020 Disallowance of interest is valid when out of borrowed funds the assessee advanced interest free loan to subsidiary concern without establishing commercial expediency. RAJKHAM BUILDERS PVT LTD. vs. INCOME TAX OFFICER IN THE…
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