Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 177] [Entire Act]

Union of India - Subsection

Section 177(2) in The Income Tax Act, 2025

(2)Where a lender, not being an associated enterprise, has issued a debt referred to in sub-section (1), such debt shall be deemed to have been issued by an associated enterprise if an associated enterprise has—
(a)provided an implicit or explicit guarantee to the lender in respect of such debt; or
(b)deposited a corresponding and matching funds with such lender.