Relief on loans on acquiring interest in companies
31/12/1986
Query
Would a registered Industrial & Provident Society be regarded as a private co. for relief under Section 250
Decision
Such a society would not be regarded as a private company for the purposes of granting interest relief under Section 250
Income Tax
Section 250, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6835/86