Held that interest free advance given to subsidiary. No material placed on record by Assessee. Disallowance is held to be proper. (AY.2013-14, 2014-15)
Dhanada Corporation Ltd. v. ACIT (2022)100 ITR 10 (SN) (Pune) (Trib)
S. 36(1)(iii) : Interest on borrowed capital-Interest-free advance given to subsidiary-No material placed on record by Assessee-Disallowance proper.