Income-tax Officer-3(3)(1) Versus Ricoh India Ltd. - Income Tax - ITAT MUMBAI - Tri - TPA - Allowance of usance interest and BLC interest as expenditure to the assessee - Machines, accessories and parts thereof were imported by the assessee company from its holding company Ricoh, Japan during the course of its normal business - As per the relevant bills of lading, the assessee was liable to pay interest to Ricoh, Japan for the delay in payment up to a period of 180 days - The assessee company ha................................... Income Tax - Case Laws
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