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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