TMI BlogNature of interest expenditure - AO and CIT(A) were right in treating the activity carried out by the...Nature of interest expenditure - AO and CIT(A) were right in treating the activity carried out by the assessee as investment activity and accordingly finance charges is not deductable under section 36(1)(iii). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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