If Interest Free Funds available it presumed that Investments made from that Available Funds

ATS Infrastructure Ltd. Vs ACIT (ITAT Delhi)

The issue under consideration is whether the disallowance of Interest u/s 36(1)(iii) is justified in law?

In the present case, the assessee company has given interest free loans and advances to related party. The disallowance of interest expenses against these loans have been discussed in the assessment order passed for preceding A.Y. 2011- 2012. By following the same manner, the A.O, therefore, disallowed inter

Please become a Premium member. If you are already a Premium member, login here to access the full content.