TMI BlogDisallowance of interest as non allowable expenditure - As long as the payment of advance was not for...Disallowance of interest as non allowable expenditure - As long as the payment of advance was not for acquisition of fixed assets but only for acquiring stock-in-trade, assessee was entitled for deduction under Section 36(1)[iii] of the Act. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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