https://www.taxtmi.com/highlights?id=67019 Disallowance of interest on unsecured loan taken which is 100% subsidiary of the assessee - addition on the ground as it is not incurred for the purpose of assessee’s business though the said borrowings were utilised for investments in subsidiaries which is part of business purpose of the assessee company - the interest on unsecured loan taken is an allowable expenditure. - AT en-us Sat, 10 Dec 2022 11:13:10 +0530 Sat, 10 Dec 2022 11:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67019 Disallowance of interest on unsecured loan taken which is 100% subsidiary of the assessee - addition on the ground as it is not incurred for the purpose of assessee’s business though the said borrowings were utilised for investments in subsidiaries which is part of business purpose of the assessee company - the interest on unsecured loan taken is an allowable expenditure. - AT Highlights Income Tax Sat, 10 Dec 2022 11:13:10 +0530 https://www.taxtmi.com/highlights?id=67019