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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

The Interest Tax Act, unlike the Income Tax Act, has focused ...

Case Laws     Income Tax

November 19, 2015

The Interest Tax Act, unlike the Income Tax Act, has focused only on a very narrow taxable event which does not include within its ken interest payable on default in payment of amounts due under a discounted bill of exchange. - SC

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