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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Disallowance of interest expense - appellant has been able to ...


Court Overturns Interest Expense Disallowance After Proving Business Necessity for Interest-Free Loan.

September 21, 2019

Case Laws     Income Tax     AT

Disallowance of interest expense - appellant has been able to prove the business exigency of giving loan of such a huge amount without interest after borrowing the same at huge interest expenses - Additions deleted - AT

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