Interest Costs on Loans Used to Offset Borrower Losses Redirected to Shareholders Deemed Invalid, Says Assessee.

Interest Costs on Loans Used to Offset Borrower Losses Redirected to Shareholders Deemed Invalid, Says Assessee. https://www.taxtmi.com/highlights?id=26559 Interest expenditure on borrowed capital - expenditure is only to contain the losses of the borrower-company, by diverting it to the shareholders to that extent. The assessee’s claim is without merit - AT en-us Wed, 23 Dec 2015 13:19:35 +0530 Wed, 23 Dec 2015 13:19:35 +0530 TaxTMI RSS Generator Interest Costs on Loans Used to Offset Borrower Losses Redirected to Shareholders Deemed Invalid, Says Assessee. https://www.taxtmi.com/highlights?id=26559 Interest expenditure on borrowed capital - expenditure is only to contain the losses of the borrower-company, by diverting it to the shareholders to that extent. The assessee’s claim is without merit - AT Highlights Income Tax Wed, 23 Dec 2015 13:19:35 +0530 https://www.taxtmi.com/highlights?id=26559