Case Law Details
Case Name : Intervo Technologies Pvt. Ltd. Vs ACIT (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Intervo Technologies Pvt. Ltd. Vs ACIT (ITAT Delhi)
ITAT Delhi held that amount advanced to subsidiary companies out of commercial expediency, accordingly, disallowance of interest claimed under section 36(1)(iii) of the Income Tax Act unsustainable.
Facts- Assessee is engaged in the business of call center operation, maintenance and repairs service, non-technology software services. During the assessment proceedings, AO required the assessee to substantiate the claim of i
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.