ITAT Allows Interest Claim on Existing Business Loan Liability | Biz Flow Kit
ITAT Allows Interest Claim on Existing Business Loan Liability The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) on 15 April allowed the appeal filed by Bright Enterprises Pvt. Ltd. and deleted disallowances made towards consultancy charges paid to a sister concern and interest on vehicle loans. A bench comprising Accountant Member S. Rifaur…
