Disallowance of interest as non allowable expenditure - As long ...

Income Tax

May 20, 2015

Disallowance of interest as non allowable expenditure - As long as the payment of advance was not for acquisition of fixed assets but only for acquiring stock-in-trade, assessee was entitled for deduction under Section 36(1)[iii] of the Act. - HC

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Disallowance of interest as non allowable expenditure - As long ...

Income Tax

May 20, 2015

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