Interest Disallowance Focuses on Business Rationale of Fund Transfers to Sister Concerns, Not Profitability.

Interest Disallowance Focuses on Business Rationale of Fund Transfers to Sister Concerns, Not Profitability. https://www.taxtmi.com/highlights?id=21723 Dis-allowance of interest - we have to see the transfer of the borrowed funds to a sister concern from the point of view of commercial expediency and not from the point of view whether the amount was advanced for earning profits. - HC en-us Tue, 10 Feb 2015 08:02:32 +0530 Tue, 10 Feb 2015 08:02:32 +0530 TaxTMI RSS Generator Interest Disallowance Focuses on Business Rationale of Fund Transfers to Sister Concerns, Not Profitability. https://www.taxtmi.com/highlights?id=21723 Dis-allowance of interest - we have to see the transfer of the borrowed funds to a sister concern from the point of view of commercial expediency and not from the point of view whether the amount was advanced for earning profits. - HC Highlights Income Tax Tue, 10 Feb 2015 08:02:32 +0530 https://www.taxtmi.com/highlights?id=21723