TMI BlogEntitlement to exemption u/s.11 and 12 - The assessee is availing loans from banks and advance the same...Entitlement to exemption u/s.11 and 12 - The assessee is availing loans from banks and advance the same and admitted that it has advanced the loans to the customers at 13%. It is a commercial rate prevailing in the market - exemption denied - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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