VSNL
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Welcome to the 'VSNL' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'VSNL'.
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Latest blogosphere posts tagged “VSNL”
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Interest on funds borrowed for acquiring controlling stake in a company not allowable
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 455
Interest paid on funds borrowed for acquiring controlling stake in a company will not be exempt from tax. The Income Tax Appellate Tribunal (ITAT) has ruled that such expenditure for investing in shares of a company cannot be exempted, since it has... [[ This is a content summary only. Visit my website www.taxguru.in ...1 week ago -
Deductibility of interest on funds borrowed for acquiring controlling interest
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 455
This article summarizes a recent ruling of the Mumbai Income Tax Appellate Tribunal (ITAT) in the case of Panatone Finvest Ltd.(Taxpayer) [2009-TIOL-717-ITAT-MUM]. The Taxpayer incurred interest expenditure on the funds borrowed for investing in... [[ This is a content summary only. Visit my website www.taxguru.in ...2 weeks ago

