MSA Securities Services P. Ltd. Versus ACIT and NMS Consultancy P. Ltd. Versus DCIT - Income Tax - ITAT CHENNAI - Tri - Disallowance of Interest u/s 14A The assessee invested Rs. 10,99,00,000 in shares and also paid share application money of Rs. 47,51,00,000 of one M/s. Sringaravalli Consultants P. Ltd. - Held that - The assessee was doing investment as well as share trading as a part of its business - The assessee is a trader in share - Even if the shares were held as a part of its investmen................................... Income Tax - Case Laws
↧