TMI BlogPrincipal amount of loans waived off by the financial institutions / banks - Loan amount had been taken...Principal amount of loans waived off by the financial institutions / banks - Loan amount had been taken for the purchase of machinery / fixed assets being on capital account and not on trading account would not be hit by Section 41(1) r.w. section 28(iv) of the Act - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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