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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Addition on account of interest paid u/s 36(1)(iii) - Once, the ...

Income Tax

January 29, 2020

Addition on account of interest paid u/s 36(1)(iii) - Once, the genuineness is proved and interest is paid on the borrowings, no interest can be disallowed on the grounds that the assessee has not correctly used the amounts borrowed.

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