Proprotionate disallowance of Interest paid on unsecured loan given to third party
The assessee-company was engaged in refining crude oil and storing, distributing and selling the petroleum products, The assessee-company required trucks for road transportation of bulk petroleum products from its various storage points to customers or other storage points. It entered into an agreement with another company for the said purpose.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)