Interest allowable on loan advanced to subsidiaries for business need: SC
Interest allowable on loan advanced to subsidiaries for business need: SC Bombay high court in an order, upheld ITAT Order that Interest is
Reetu
Jun 23, 2020Interest allowable on loan advanced to subsidiaries for business need: SC
Bombay high court in an order, upheld ITAT Order that Interest is allowable on loan advanced to subsidiaries for business need. Supreme Court has Upheld this decision by dismissing appeal filed by Income Tax Department against Order of Bombay High Court.
SUPREME COURT OF INDIA
The Text of the Order as follows : Delay condoned. The special leave petition is dismissed.About Author
Reetu
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Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.
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Delhi, Delhi, India
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