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Income Tax - Highlights / Catch Notes

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Addition u/s 14A r.w.r. 8D regarding interest expenses - mixed ...

Income Tax

July 11, 2019

Addition u/s 14A r.w.r. 8D regarding interest expenses - mixed funds used for investments - the condition precedent of recording the requisite satisfaction which is a safeguard provided in Section 14A should not be overlooked before going to Rule 8D - Rule 8D would not be attracted automatically even if mixed funds are used - no disallowance

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