DSM Anti Infectives India Ltd. Versus Deputy Commissioner of Income-tax - Income Tax - ITAT CHANDIGARH - Tri - Disallowance of interest expenditure - held that - Admittedly, the assessee had paid interest on the borrowings made from its parent company in the earlier years and no fresh borrowings had been made during the year under consideration. The interest expenditure had been allowed in the hands of the assessee from year to year. Further the advances to M/s Hindustan Max G.B. Ltd. were also ................................... Income Tax - Case Laws
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