TMI BlogDisallowance of interest on car loan - used for business/profession - merely because the assessee placed...Disallowance of interest on car loan - used for business/profession - merely because the assessee placed his own funds and also the interest free loans for some other purposes, is not open for the AO to disallow the interest on the amount taken for business purpose ..... X X X X Extracts X X X X X X X X Extracts X X X X
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