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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Disallowance of Interest – inter-corporate deposit - currency ...


Court Rules on Inter-Corporate Deposit Interest and Currency Swap Arrangement; No Excessive Interest Claims Found.

December 25, 2014

Case Laws     Income Tax     AT

Disallowance of Interest – inter-corporate deposit - currency swap arrangement with the Bank to reduce the burden of the interest cost - assessee has not made any excess claim on account of interest - AT

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