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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Dis-allowance u/s 40(ba) - interest paid to directors/trustees - ...


Interest Payments to Trustees Allowed: Trustees Not AOP Members u/s 40(ba) of Income Tax Act.

August 31, 2012

Case Laws     Income Tax     AT

Dis-allowance u/s 40(ba) - interest paid to directors/trustees - The trustees of the assessee trust cannot be described as members of the AOP. - AT

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