ACIT Circle-II, Faridabad Versus M/s Laksons Footwear P. Ltd. - Income Tax - ITAT DELHI - Tri - Interest on investment - Held that - Following assessee s own case for A.Y. 2003-04 - Business relationship can be said to exist even with the persons from whom funds are borrowed - The principle of commercial exigency cannot be blindly applied in the case of persons with whom the assessee has some business relationship - The assessee had borrowed money for its own purpose but has been investing it in................................... Income Tax - Case Laws
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