TAX UPDATES: ITAT Delhi Bench in the case of Maharashtra Seamless Ltd., held that where in the case of mixed funds, it is not possible to ascertain as to whether investment in tax free bonds is from borrowed funds on assessee’s own funds no disallowance was warranted.

Friday 19 February 2016

ITAT Delhi Bench in the case of Maharashtra Seamless Ltd., held that where in the case of mixed funds, it is not possible to ascertain as to whether investment in tax free bonds is from borrowed funds on assessee’s own funds no disallowance was warranted.

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)