Case Law Details
Case Name : CIT vs. Reliance Utilities (Bombay High Court)
Appeal Number : I.T.A. No. 1398 of 2008
Date of Judgement/Order : 09/01/2009
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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SUMMARY
Where the assessee had its own funds as well as borrowed funds and it advanced funds to its sister concerns for allegedly non-business purposes and the question arose whether the AO was justified in disallowing the interest on the borrowed funds on the grou
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