Disallowance of interest expenses – if the second borrowing has ...

Income Tax

December 13, 2013

Disallowance of interest expenses – if the second borrowing has really been used merely to repay the original loan and this fact is proved to the satisfaction of the ITO, the interest paid on the second loan would also be allowed as a deduction - AT

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Disallowance of interest expenses – if the second borrowing has ...

Income Tax

December 13, 2013

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