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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Interest income - it is strange to believe that any non-related ...

Income Tax

January 11, 2017

Interest income - it is strange to believe that any non-related party will given loan of ₹ 50 lakh without taking any interest from the appellant company - Hence CIT(A) rightly estimated interest @1% per month (i.e. 12% per year simple interest rate) - AT

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