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    Income Tax

    Assessee has raised loans and paid interest and forwarded the...

    Interest on Loans for Non-Business Use Not Deductible as Business Expense u/s 37 of Income Tax Act.

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    Income TaxNovember 24, 2016Case LawsHC

    Assessee has raised loans and paid interest and forwarded the same for non-business consideration therefore the interest from the said amount cannot be allowed as business expenditure u/s 37 - HC

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