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![“An unrecovered debt from a Subsidiary Company is allowable as Deduction”: ITAT Amritsar [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/unrecovered-debt-deduction-Taxscan.jpg "“An unrecovered debt from a Subsidiary Company is allowable as Deduction”: ITAT Amritsar [Read Order]")
“An unrecovered debt from a Subsidiary Company is allowable as Deduction”: ITAT Amritsar [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal has recently rule that a Holding Company is entitled to get deduction in respect of the debt...