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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Disallowance of the premium paid - Since the assessee has ...


Bond Premium Disallowed as Expenditure Due to Incorrect Claim as Interest, Not Permitted Under Tax Laws.

March 19, 2016

Case Laws     Income Tax     AT

Disallowance of the premium paid - Since the assessee has ignored the premium paid on purchase of bonds and claimed the same also as interest, it is not an allowable expenditure - AT

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