TMI BlogAllowability of Interest on mobilization advance - amount was received for the execution of work...Allowability of Interest on mobilization advance - amount was received for the execution of work contract - once the said amount was utilized for the execution of the contract work of the assessee joint venture then the interest paid on the mobilization advance is an allowable expenditure in the hand of the joint venture ..... X X X X Extracts X X X X X X X X Extracts X X X X
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