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Income Tax - Highlights / Catch Notes

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Disallowance of interest under section 24(b) - assessee had ...

Income Tax

January 8, 2016

Disallowance of interest under section 24(b) - assessee had submitted that it had requested the builder to complete their share of constructed area for which the assessee shall reimburse the expenses incurred for providing all the amenities and that the availing of the loan was to reimburse the developer for such finishing works - deduction allowed - AT

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