https://www.taxtmi.com/highlights?id=68591 Interest on term loan due from Joint Venture Companies - assessee claimed that the debt is already bad - the AO has noted that the assessee has not written off the loans in its books of account and the same figure is continuing even in subsequent assessment years. Moreover, the assessee itself treated the loan amount as “unsecured considered good” and interest due on the same - Additions confirmed - AT en-us Sat, 04 Mar 2023 09:36:37 +0530 Sat, 04 Mar 2023 09:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68591 Interest on term loan due from Joint Venture Companies - assessee claimed that the debt is already bad - the AO has noted that the assessee has not written off the loans in its books of account and the same figure is continuing even in subsequent assessment years. Moreover, the assessee itself treated the loan amount as “unsecured considered good” and interest due on the same - Additions confirmed - AT Highlights Income Tax Sat, 04 Mar 2023 09:36:37 +0530 https://www.taxtmi.com/highlights?id=68591