TMI BlogAddition u/s 41(1) - waiver of unsecured interest free loans taken - since the assessee has not claimed...Addition u/s 41(1) - waiver of unsecured interest free loans taken - since the assessee has not claimed any allowance or deduction in respect of the unsecured loan obtained by it, the provisions of sub-section (1) of section 41 of the Act would not apply. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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