Held that investment was made on Strategic investments Joint venture company group and subsidiary companies. Disallowance of interest is not justified. (AY.2015-16)
PCI LTD. v. ACIT (2022) 93 ITR 47 (SN) (Delhi)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital-Strategic investments Joint venture company group and subsidiary companies-Disallowance of interest is not justified.