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Income Tax - Highlights / Catch Notes

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Disallowance of Interest payable to Alimenta on the amount ...

Income Tax

April 22, 2017

Disallowance of Interest payable to Alimenta on the amount awarded - Confirmed liability or contingent liability - the mere fact that the said judgment and decree was stayed by a DB would not relieve NAFED of its obligation to pay interest in terms thereof to Alimenta - Claim of deduction allowed - HC

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