Interest Deduction Allowed for Investment in Group Companies u/s 36(1)(iii) as Legitimate Business Expense.

Interest Deduction Allowed for Investment in Group Companies u/s 36(1)(iii) as Legitimate Business Expense. https://www.taxtmi.com/highlights?id=50267 Disallowance u/s 36(1)(iii) - deduction of the interest - The assessee made investment in the group companies to take controlling interest in the group company - assessee made investment utilizing the borrowed funds for strategic business purposes - claim of deduction allowed. en-us Mon, 18 Nov 2019 10:43:09 +0530 Mon, 18 Nov 2019 10:43:09 +0530 TaxTMI RSS Generator Interest Deduction Allowed for Investment in Group Companies u/s 36(1)(iii) as Legitimate Business Expense. https://www.taxtmi.com/highlights?id=50267 Disallowance u/s 36(1)(iii) - deduction of the interest - The assessee made investment in the group companies to take controlling interest in the group company - assessee made investment utilizing the borrowed funds for strategic business purposes - claim of deduction allowed. Highlights Income Tax Mon, 18 Nov 2019 10:43:09 +0530 https://www.taxtmi.com/highlights?id=50267