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Income Tax - Highlights / Catch Notes

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Swapping premium - Disallowance u/s 36(1)(viii) - swapping ...


Deduction for Swapping Premium Allowed u/s 36(1)(viii) of Income Tax Act, Initially Part of Long-term Finance.

June 18, 2013

Case Laws     Income Tax     AT

Swapping premium - Disallowance u/s 36(1)(viii) - swapping premium is nothing but discounted interest and had originated in the long term finance initially advance - deduction allowed - AT

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