Case Law Details
Case Name : DCIT Vs Firstsource Solutions Ltd. (ITAT Mumbai)
Appeal Number : ITA Nos. 3707, 4053/Mum/2008
Date of Judgement/Order : 31/01/2018
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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DCIT Vs Firstsource Solutions Ltd. (ITAT Mumbai)
Assessee held own funds of Rs. 23,580 lakhs, whereas investment in subsidiaries stood at Rs. 1,576 lakhs. Presumption in such case would be that assessee had used only its own funds for making investments. Further, there was commercial expediency in making sai
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