TMI BlogDisallowance on interest expenses in interest free advances given to sister concern deleted – where the...Disallowance on interest expenses in interest free advances given to sister concern deleted – where the income can be said not to have resulted at all, there is obviously neither accrual nor receipt of income, even though an entry to that effect might have been made in the books of account - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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