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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Whether there is notional income on advances given to closely ...


No statutory duty for assessee to charge interest on advances to closely associated groups; notional income not considered.

December 11, 2013

Case Laws     Income Tax     HC

Whether there is notional income on advances given to closely associated group - There is no statutory obligation on the assesse that the assessee must charge interest on the advance amounts - HC

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