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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Disallowance of interest on car loan - used for ...

Income Tax

April 25, 2019

Disallowance of interest on car loan - used for business/profession - merely because the assessee placed his own funds and also the interest free loans for some other purposes, is not open for the AO to disallow the interest on the amount taken for business purpose

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