Intas Pharmaceuticals Ltd. v. ACIT (2024)114 ITR 546 (Ahd)(Trib)

S. 36(1)(iii) :Interest on borrowed capital-Advances and loans to associated enterprises-Deletion of disallowance is affirmed.

That as regards the addition in respect of loans and advances to associated enterprises, in terms of the Tribunal decision for an earlier assessment year, the matter, though held against the assessee, was remanded to the Assessing Officer for proper verification of the interest calculation.  (AY.2012-13)

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