Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
There were at the relevant time and even today no thin...
Interest Payments on Debt Capital Allowed: No Thin Capitalization Rules in Effect Currently.
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Income TaxOctober 29, 2012Case LawsHC
There were at the relevant time and even today no thin capitalization rules in force. Consequently, the interest payment on debt capital cannot be disallowed - HC