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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition made u/s. 43B - interest paid to financial institutions ...

Income Tax

March 31, 2018

Addition made u/s. 43B - interest paid to financial institutions on loans - assessee argued that the company constructed the buildings to the Government of Andhra Pradesh on no profit and no loss basis and disallowance of any expenditure would result into income which the assessee has not derived from carrying on its operations - AO directed to verify the facts.

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