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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Commercial Expidency:- Non-charging of interest on advances by ...

Case Laws     Income Tax

January 10, 2012

Commercial Expidency:- Non-charging of interest on advances by the sister concern, particularly in the situation where both the concerns having benefits of such mutual accommodation, could indeed be justified on the ground of commercial expediency in a particular fact situation. - claim of deduction of interest allowed..... - AT

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