https://www.taxtmi.com/highlights?id=19933 Deduction on payment of interest for borrowed loan u/s 37 - Claim of expenditure u/s 37 on account of loss incurred by the subsidiary company in abandoning the new project - merely because the money was lent to a sister concern or to a subsidiary company would not enable the assessee to claim deduction- HC en-us Fri, 05 Sep 2014 20:37:00 +0530 Fri, 05 Sep 2014 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=19933 Deduction on payment of interest for borrowed loan u/s 37 - Claim of expenditure u/s 37 on account of loss incurred by the subsidiary company in abandoning the new project - merely because the money was lent to a sister concern or to a subsidiary company would not enable the assessee to claim deduction- HC Highlights Income Tax Fri, 05 Sep 2014 20:37:00 +0530 https://www.taxtmi.com/highlights?id=19933