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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Interest free advances and loans given to directors & sister ...


Interest-Free Loans to Directors and Sister Concerns Validated; Addition Deleted u/s 36(1)(iii) Due to Own Funds.

July 2, 2016

Case Laws     Income Tax     HC

Interest free advances and loans given to directors & sister concerns for non business purposes - Assessee had interest free funds of its own basis which addition u/s 36(1)(iii) was deleted

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