https://www.taxtmi.com/highlights?id=46955 Disallowance of interest u/s 36(1)(iii) - assessee has a stake in the performance and profit making of wholly owned subsidiaries - it cannot be denied that the advancement of loan is in connection with assessee’s business - the difference in the interest rate between the borrowed funds and loans advanced is only 3.25% and the advanced of loan in connection with its business - no disallowance en-us Tue, 04 Jun 2019 08:25:03 +0530 Tue, 04 Jun 2019 08:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46955 Disallowance of interest u/s 36(1)(iii) - assessee has a stake in the performance and profit making of wholly owned subsidiaries - it cannot be denied that the advancement of loan is in connection with assessee’s business - the difference in the interest rate between the borrowed funds and loans advanced is only 3.25% and the advanced of loan in connection with its business - no disallowance Highlights Income Tax Tue, 04 Jun 2019 08:25:03 +0530 https://www.taxtmi.com/highlights?id=46955