Held that loan advanced to the subsidiary out of own funds, hence no interest disallowance can be made. (AY.2014-15)
Viney Corporation Ltd. v. ACIT (2021) 92 ITR 59 (SN) (Delhi)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital-Loan advanced to subsidiary out of own funds-No disallowance can be made.