Revenue splitted the transactions in such a manner that it ...

Income Tax

February 27, 2015

Revenue splitted the transactions in such a manner that it upheld the genuineness of borrowing, payment and receipt of interest but when question of considering payment of additional interest of 6.5% came into consideration, it termed the said part of transaction as colourable device/tax planning - expenditure allowed - HC

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Revenue splitted the transactions in such a manner that it ...

Income Tax

February 27, 2015

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