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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Loan taken at higher interest rate than bank rate - The payment ...


Loan at 24% Interest to Family and Related Entity Deemed Profit Diversion.

December 31, 2013

Case Laws     Income Tax     HC

Loan taken at higher interest rate than bank rate - The payment of interest to the family members and sister concern at 24% was diversion of profits - HC

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