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ITAT upheld disallowance of interest exp. as assessee had no interest free funds to give interest free loan

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  • ITAT upheld disallowance of interest exp. as assessee had no interest free funds to give interest free loan
Posted onon October 17, 2017

Tenet Tax Daily October 17 2017

By tenettax-team
Corporate Tax

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HC upheld penalty as assessee failed to prove that there was reasonable cause for not deducting TDS
ITAT allowed port exp. as it was agreed with buyer that port charges were to be borne by assessee

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