https://www.taxtmi.com/highlights?id=71256 Disallowance of interest expenditure - the borrowed fund has been utilized by the assessee to procure the shares of such known and related companies and most of them are unquoted shares, therefore, the interest expenditure as claimed by the assessee as business expenditure is not established - Additions confirmed - AT en-us Wed, 02 Aug 2023 12:46:26 +0530 Wed, 02 Aug 2023 17:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71256 Disallowance of interest expenditure - the borrowed fund has been utilized by the assessee to procure the shares of such known and related companies and most of them are unquoted shares, therefore, the interest expenditure as claimed by the assessee as business expenditure is not established - Additions confirmed - AT Highlights Income Tax Wed, 02 Aug 2023 12:46:26 +0530 https://www.taxtmi.com/highlights?id=71256