TMI BlogAllowability of gross loss incurred in financing activity – No basis or justification for the payment at...Allowability of gross loss incurred in financing activity – No basis or justification for the payment at interest rates, charged ostensibly at prevailing rates by the assessee, in excess of that charged, stands furnished - disallowance confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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