Re-opening of assessment - interest expenses corresponding to ...
Reopening of Assessment u/s 147: Interest Expenses Linked to Diverted Funds Escaped Initial Review.
November 1, 2015
Case Laws Income Tax HC
Re-opening of assessment - interest expenses corresponding to the interest chargeable on the amount so diverted to the partners of the assessee firm for non business purposes has escaped assessment in the hands of the assessee firm within the meaning of Section 147 - HC
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