Tuesday, June 23, 2020

Interest claim allowable if loan was advanced to subsidiaries for business exigencies; SC dismissed SLP

INCOME TAX : Where High Court upheld Tribunal's order allowing assessee's claim for deduction under section 36(1)(iii) by taking a view that assessee's decision to give loan to its subsidiaries was derived by business exigency, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2Bt67JN
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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