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Interim Budget 2024: FM proposes Corpus of One Lakh Crore for R&D Investments with Fifty Year Interest Free Loan
In a pivotal announcement during her budget speech the Finance Minister disclosed plans to establish a corpus of one lakh rupees through a fifty-year...
![No Addition shall be made, if Assessee has Sufficient Interest Free Fund to Provide Interest Free loans: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/interest-free-fund-interest-free-loans-ITAT-revenues-Appeal-ITAT-dismisses-revenues-Appeal-taxscan.jpg "No Addition shall be made, if Assessee has Sufficient Interest Free Fund to Provide Interest Free loans: ITAT dismisses Revenues Appeal [Read Order]")
![No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-advance-Interest-free-loan-Sister-Concern-Interest-free-Funds-ITAT-Taxscan.jpeg "No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]")
![Transfer Pricing Adjustments not applicable to Interest Free Loans and Advances by Assessee to AE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Pricing-Adjustments-Interest-Free-Loans-Advances-by-Assessee-AE-ITAT.jpg "Transfer Pricing Adjustments not applicable to Interest Free Loans and Advances by Assessee to AE: ITAT [Read Order]")
![Interest-Free Loan to Director by Firm is not Perquisite merely because Company given Loan to said Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Perquisite-Taxscan.jpg "Interest-Free Loan to Director by Firm is not Perquisite merely because Company given Loan to said Firm: ITAT [Read Order]")
Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]
In a recent decision in Nitin Kumar Ganeriwala vs. Income Tax Officer, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that excess expenditure cannot be allowed since...
![Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]")