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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Where the assessee has own and borrowed funds, a presumption can ...

Case Laws     Income Tax

April 15, 2016

Where the assessee has own and borrowed funds, a presumption can be made that advances for non-business purposes have been made out of the own funds and that the borrowed funds have not been used for this purpose - Deduction u/s 36(1)(iii)allowed - AT

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