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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Allowance of interest - The land on which the assessee is ...

Case Laws     Income Tax

October 25, 2013

Allowance of interest - The land on which the assessee is constructing the building is to be treated as business asset of the assessee company - Allowed the claim of the assessee towards the interest and processing charges incurred on loan. - interest allowed u/s 37(1) - AT

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