https://www.taxtmi.com/highlights?id=59675 Addition u/s. 36(1)(iii) r.w.s. 37 - interest-free loan to subsidiary in Malaysia out of borrowed funds - the CIT(Appeals) rightly held that the assessee company and subsidiary are in two different business being land development & construction and hospitality and the assessee has not been able to establish any business advantage derived by the assessee by advancing such loan - Additions confirmed - AT en-us Tue, 14 Sep 2021 13:17:40 +0530 Tue, 14 Sep 2021 13:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59675 Addition u/s. 36(1)(iii) r.w.s. 37 - interest-free loan to subsidiary in Malaysia out of borrowed funds - the CIT(Appeals) rightly held that the assessee company and subsidiary are in two different business being land development & construction and hospitality and the assessee has not been able to establish any business advantage derived by the assessee by advancing such loan - Additions confirmed - AT Highlights Income Tax Tue, 14 Sep 2021 13:17:40 +0530 https://www.taxtmi.com/highlights?id=59675