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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

ITAT was not right in law in holding that deduction of interest ...

Case Laws     Income Tax

August 20, 2016

ITAT was not right in law in holding that deduction of interest expenses was not admissible u/s 36(1)(iii) of the Income Tax Act, 1961 merely because shares were never allotted to the appellant in response to the share application. - HC

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