Tamilnadu Power Finance Infrastructure Development Corpn. Ltd. Versus Assistant Commissioner of Income-tax, Company Circle - III(1) - Income Tax - ITAT CHENNAI - Tri - Eligibility of interest expense u/s 36(1)(viii) of the Income Tax Act Held that - Unless and until all the ingredients specified in Explanation (e) to section 36(1)(viii) are satisfied, the transaction will not fall within the reach of long term finance. If the transactions are not considered as Longterm Finance , there is no ................................... Income Tax - Case Laws
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