Can any one tell me the recent judgement regards to interest expenditure u/s.36(1)(iii) and disallowance of it u/s. 14A if the loan is utilize to acquire shares of subsidary private limited company.
1 Replies
S Sivasalapathy
(Job)
(262 Points)
Replied 31 July 2012
Payment relats to subsidary company is not disallowable.
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