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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Disallowance of interest expenditure u/s 36(1)(iii) - Unless the ...

Income Tax

September 12, 2015

Disallowance of interest expenditure u/s 36(1)(iii) - Unless the department establishes a nexus between investment made and the borrowal of funds, no disallowance of interest expenditure on presumptive basis can be made. - AT

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