Bond Premium Disallowed as Expenditure Due to Incorrect Claim as Interest, Not Permitted Under Tax Laws.

Disallowance of the premium paid - Since the assessee has ignored the premium paid on purchase of bonds and claimed the same also as interest, it is not an allowable expenditure - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X