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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Applicability of provisions of section 43B to interest payable ...

Case Laws     Income Tax

February 23, 2015

Applicability of provisions of section 43B to interest payable on purchase duty - whether interest is a part and parcel of tax liability? - Held Yes, cannot be allowed on accrual basis - deduction to be allowed after actual payment only - HC

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