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Indian Laws - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Inter-corporate deposit is not in the nature of loan or advance ...


High Court Rules Inter-Corporate Deposits Aren't Loans or Advances; Not Subject to Interest Tax u/s 5.

August 4, 2016

Case Laws     Indian Laws     HC

Inter-corporate deposit is not in the nature of loan or advance within the meaning of section 2(7) and therefore, not chargeable to the interest-tax under section 5 - HC

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