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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

In case of cash credit account or term loan accounts, there is ...

Income Tax

July 2, 2016

In case of cash credit account or term loan accounts, there is no debtor-creditor relationship between the bank and the assessee, therefore power of recovery given under section 226(3)(i) is not applicable in such case

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