Income Tax | Interest Addition on AE Receivables Unsustainable for Zero-Debt Company: ITAT Chennai
ITAT Chennai deleted ₹25.11 lakh interest adjustment on AE receivables as assessee was zero-debt and charged no interest from AEs or non-AEs. The post Interest Addition on AE Receivables Unsustainable for Zero-Debt Company: ITAT Chennai appeared first on TaxGuru .
Attribution
Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.
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