TMI BlogDeemed income u/s 41(1) - merely relying upon the expression ‘principal’ used in the letter, one cannot...Deemed income u/s 41(1) - merely relying upon the expression ‘principal’ used in the letter, one cannot conclude that the amount contains only the principal component of loan, and no element of interest is embedded therein. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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