Amount advanced to sister concern for business purpose as well as commercial expediency is deductible

INCOME TAX : Where assessee-company advanced certain sum to its sister concern to facilitate export transactions, said advance having been made for business purpose of assessee was allowable as deductionINCOME TAX : Where assessee-company advanced certain sum to its sister concern to facilitate export transactions, said advance having been made for business purpose of assessee was allowable as deductionwww.taxmann.com Latest Case LawsRead More

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