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Income Tax - Highlights / Catch Notes

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Allowance of Interest expenditure u/s 36(1)(iii) - In case of ...


Interest Expenditure Allowed u/s 36(1)(iii) for Real Estate Business Setup Upon Initial Negotiations.

October 23, 2013

Case Laws     Income Tax     HC

Allowance of Interest expenditure u/s 36(1)(iii) - In case of real estate business, the said setting up of business was complete when first steps were taken by the respondent-assessee to look around and negotiate with parties - HC

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