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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Disallowance of interest u/s 36(1)(iii) - the assessee has ...

Income Tax

July 14, 2020

Disallowance of interest u/s 36(1)(iii) - the assessee has successfully demonstrated that the investment in shares to subsidiary company was in furtherance of main objects of its business and, therefore, the assessee is very much entitled for claim of interest paid on borrowed capital.

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