Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Interest free advances and loans given to directors & sister...
Interest-Free Loans to Directors and Sister Concerns Validated; Addition Deleted u/s 36(1)(iii) Due to Own Funds.
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Income TaxJuly 2, 2016Case LawsHC
Interest free advances and loans given to directors & sister concerns for non business purposes - Assessee had interest free funds of its own basis which addition u/s 36(1)(iii) was deleted