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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Interest Tax Act - whether charges or amounts received from ...


Charges from Borrowers Under Scrutiny: Are They "Interest" Under Interest Tax Act? Fact-Specific Analysis Required.

February 11, 2015

Case Laws     Income Tax     HC

Interest Tax Act - whether charges or amounts received from borrowers or subscribers of schemes, are truly, “interest” necessarily has to be dependent on a fact to fact determination, and cannot rest on the suspicions of the revenue officials. - HC

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