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Addition made under sec. 40A(2) set aside as interest was paid to related party at prevailing market rate

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  • Addition made under sec. 40A(2) set aside as interest was paid to related party at prevailing market rate
Posted onon June 1, 2016

Tenet Tax Daily May 23 2016

By tenettax-team
Corporate Tax

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Non-compete fee being a business income won’t be taxable in India unless recipient has PE in India
Loan advanced to AE couldn’t be said to be for non-business purpose if assessee and its AE were in same business

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