Interest paid on loan taken to purchase shares on a Co. is allowable exp. : ITAT

INCOME TAX : Where assessee company was engaged in business of investments, interest paid on loan taken by assessee for making investment in purchasing shares of a company was to be allowed as deduction under section 36(1)(iii)INCOME TAX : Where assessee company was engaged in business of investments, interest paid on loan taken by assessee for making investment in purchasing shares of a company was to be allowed as deduction under section 36(1)(iii)www.taxmann.com Latest Case LawsRead More

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