Interest on personal loan taken for business purpose allowed as business expenditure
April 25, 2017
Income Tax, ITAT, Judgments
Interest on personal loan taken for business purpose allowed as business expenditure. The assessee could very well attribute the interest free funds for personal purpose. ABCAUS Case Law Citation: ABCAUS 1223 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …