ITAT: Promoter Co's investment activities not 'business'; Disallows GVK's Rs 164 cr interest deduction u/s 36(1)(iii)


Conclusion

Hyderabad ITAT denies Sec. 36(1)(iii) deduction for finance cost of Rs. 164 cr. incurred by assessee-company (a promoter company for the GVK group of companies) for advancing inter...

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