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Disallowance of interest paid u/s 40A(2)(b) - excessive claim - ...


Interest Disallowance u/s 40A(2)(b): Authorities Reject Excessive Claim for Relatives' Loans Invested in FDRs.

December 25, 2014

Case Laws     Income Tax     AT

Disallowance of interest paid u/s 40A(2)(b) - excessive claim - borrowed funds from relatives invested in FDRs - merely variation in the rate of interest cannot be the reasons for making the disallowance - AT

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