Interest Disallowed on Borrowed Funds Used for Interest-Free Loans; Section 11AA Exemption for SEZ Unit Denied. https://www.taxtmi.com/highlights?id=24072 Disallowances of interest - part of borrowed funds has been utilized in providing interest free loans to M/s Eros Exports - assessee, itself admitted that direct nexus between borrowings and advancing loan - AO's order for Disallowance interest and exemption and u/s 11AA (SEZ unit) confirmed - AT en-us Wed, 05 Aug 2015 07:51:21 +0530 Wed, 05 Aug 2015 07:51:21 +0530 TaxTMI RSS Generator Interest Disallowed on Borrowed Funds Used for Interest-Free Loans; Section 11AA Exemption for SEZ Unit Denied. https://www.taxtmi.com/highlights?id=24072 Disallowances of interest - part of borrowed funds has been utilized in providing interest free loans to M/s Eros Exports - assessee, itself admitted that direct nexus between borrowings and advancing loan - AO's order for Disallowance interest and exemption and u/s 11AA (SEZ unit) confirmed - AT Highlights Income Tax Wed, 05 Aug 2015 07:51:21 +0530 https://www.taxtmi.com/highlights?id=24072