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Income Tax - Highlights / Catch Notes

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Disallowance u/s 14A - Assessee is engaged in the banking ...

Income Tax

August 31, 2013

Disallowance u/s 14A - Assessee is engaged in the banking activity - Normally, every amount lying in the current accounts is interest bearing ones, therefore, the provisions of clause-(iii) of Rule-8D(2) is rightly applicable - AT

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