Usance Charges Not Interest u/s 2(28A) Unless Ship Breaking Business Involved, Revenue's Appeal Allowed.

TDS u/s 195(1) - usance charges are not interest u/s 2(28A) except where an undertaking is engaged in the business of ship breaking in view of explanation (2) to Sec. 10(15)(iv)(c) - Revenue appeal allowed - AT .....

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