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![Interest Paid on Borrowed Fund for Acquiring Controlling Interest in another Company allowable as Business Expenditure: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/12/Borrowed-Fund-Interest-paid-Income-Tax-Taxscan.jpg "Interest Paid on Borrowed Fund for Acquiring Controlling Interest in another Company allowable as Business Expenditure: Bombay High Court [Read Judgment]")
Interest Paid on Borrowed Fund for Acquiring Controlling Interest in another Company allowable as Business Expenditure: Bombay High Court [Read Judgment]
The Bombay High Court in the case of PCIT v M/s Concentrix Services upheld that the interest paid on the borrowed fund for the purpose of acquiring a...
![SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/SBI-Taxscan.jpg "SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]")