Case Law Details
Case Name : Mid- Day Multimedia Ltd Vs Dy. Commissioner of Income Tax (ITAT Mumbai)
Appeal Number : ITA No. 2630/Mum/2010
Date of Judgement/Order : 22/07/2011
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Mumbai
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Interest paid on borrowed funds cannot be disallowed when the assessee had ample funds at the time of investing in the equity of subsidiary companies
Mid- Day Multimedia Ltd Vs Dy. CIT (ITAT Mumbai)- The provisions of rule 8D of the Rules which have been
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