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Income Tax - Highlights / Catch Notes

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Disallowance u/s 36(1)(iii) - where the recovery of principal ...

Income Tax

April 26, 2016

Disallowance u/s 36(1)(iii) - where the recovery of principal amount was difficult the addition on account of notional interest on account of loan to said company cannot be made u/s 36(1)(iii) - no nexus between interest paid and loans made by assessee, therefore no disallowance - AT

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