https://www.taxtmi.com/highlights?id=58608 Disallowance of interest expenses - expense on loan taken from its 100% Holding Company - Once the details are perused, the obvious conclusion is that there is a clear connection between the money borrowed and its utilization for purposes of business of real estate and infrastructural development carried on by the assessee. - There is no merit in the disallowance made by the AO - AT en-us Fri, 02 Jul 2021 16:12:53 +0530 Fri, 02 Jul 2021 16:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58608 Disallowance of interest expenses - expense on loan taken from its 100% Holding Company - Once the details are perused, the obvious conclusion is that there is a clear connection between the money borrowed and its utilization for purposes of business of real estate and infrastructural development carried on by the assessee. - There is no merit in the disallowance made by the AO - AT Highlights Income Tax Fri, 02 Jul 2021 16:12:53 +0530 https://www.taxtmi.com/highlights?id=58608