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Income Tax - Highlights / Catch Notes

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Disallowance of interest expenditure - interest expenditure is ...

Income Tax

August 18, 2023

Disallowance of interest expenditure - interest expenditure is wholly and exclusively for the purpose of earning interest income. - AO directed to grant the deduction of interest expenditure paid by the assessee, while computing the income under the head “income from other sources”- AT

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