https://www.taxtmi.com/forum/issue?id=669 Whether interest on funds borrowed by an existing private limited company to acquire another private limited company in the same business is an allowable revenue expenditure for tax purposes is the central question; judicial authorities are contradictory, and a careful study of precedent is required to determine the correct treatment in the particular facts. en-us Tue, 19 Feb 2008 16:41:39 +0530 Thu, 23 Jan 2025 15:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=669 Whether interest on funds borrowed by an existing private limited company to acquire another private limited company in the same business is an allowable revenue expenditure for tax purposes is the central question; judicial authorities are contradictory, and a careful study of precedent is required to determine the correct treatment in the particular facts. Discussion-Forum Income Tax Tue, 19 Feb 2008 16:41:39 +0530 https://www.taxtmi.com/forum/issue?id=669