https://www.taxtmi.com/highlights?id=25820 Disallowance of interest paid to the bank - the appellant/assesse had advanced an interest free loan to its sister concern - there would be a direct benefit on account of the advance made by the appellant to its sister company if the same improves the financial health of the sister company and makes it a viable enterprise. - deduction on interest allowed - HC en-us Mon, 09 Nov 2015 16:46:41 +0530 Mon, 09 Nov 2015 16:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25820 Disallowance of interest paid to the bank - the appellant/assesse had advanced an interest free loan to its sister concern - there would be a direct benefit on account of the advance made by the appellant to its sister company if the same improves the financial health of the sister company and makes it a viable enterprise. - deduction on interest allowed - HC Highlights Income Tax Mon, 09 Nov 2015 16:46:41 +0530 https://www.taxtmi.com/highlights?id=25820