Disallowance of loan processing charges and pre-payment charges ...

Income Tax

August 24, 2016

Disallowance of loan processing charges and pre-payment charges paid to the bank - so long as the expenses incurred by the assessee are genuine and not part of any colorable device to make tax evasion, then such expenses should be allowed under the relevant provisions of the Act. - AT

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Disallowance of loan processing charges and pre-payment charges ...

Income Tax

August 24, 2016

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