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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Nature of expenditure - claim of guarantee fees - The guarantee ...

Case Laws     Income Tax

February 28, 2020

Nature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as revenue expenditure, subject to verification by the AO of the certificate filed during the appellate proceedings i.e. there was no capital work-in-progress in respect of loans on which guarantee fees was paid. - AT

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