15 April 2024


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ITAT, Ahmedabad: No Disallowance for Interest Expenses if Investment to Acquire Control - 03.02.2022

Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that no disallowance can be made for interest expenses if the investment was made to acquire the controlling interest in the company.

Tags : Income Tax Appellate Tribunal No Disallowance for Interest Expenses

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