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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Addition on account of waiver of loan - assessee has never ...

Income Tax

June 28, 2017

Addition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure in its books of accounts and return of income. Therefore, there is no question of considering it to cessation of liability or any benefit arises from the business.

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