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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Allowability of Interest on mobilization advance - amount was ...

Case Laws     Income Tax

August 10, 2019

Allowability of Interest on mobilization advance - amount was received for the execution of work contract - once the said amount was utilized for the execution of the contract work of the assessee joint venture then the interest paid on the mobilization advance is an allowable expenditure in the hand of the joint venture

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