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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Allowability of interest on loan u/s 57 - as soon as the ...

Income Tax

June 17, 2019

Allowability of interest on loan u/s 57 - as soon as the assessee received the funds from HDFC Ltd, BHW Home Finance and Religare Finvest Ltd., the same were transferred to MIPL, thus clearly establishing the direct link/nexus between the borrowings and lending - No disallowance

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