TMI BlogWhere the assessee has own and borrowed funds, a presumption can be made that advances for non-business...Where the assessee has own and borrowed funds, a presumption can be made that advances for non-business purposes have been made out of the own funds and that the borrowed funds have not been used for this purpose - Deduction u/s 36(1)(iii)allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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