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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Allowability of interest expenditure – Business nexus of the ...

Case Laws     Income Tax

September 20, 2013

Allowability of interest expenditure – Business nexus of the amount borrowing – merely because the assessee had maintained cash balances at its several branches being in angadia business should not be a cause of disallowance of interest on borrowed funds - AT

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