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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

The mere fact that the respondent did not earn any income on its ...


Investment Income Absence Doesn't Invalidate Interest Expenditure as Legitimate Business Expense.

February 28, 2019

Case Laws     Income Tax     HC

The mere fact that the respondent did not earn any income on its investment made, the interest expenditure would not cease to be an expenditure incurred for business.

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