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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Disallowance of interest - assessee has given interest free ...


Interest-Free Advances to Family Lead to Interest Deduction Disallowance; Taxable Income Adjusted for Non-Business Transactions.

March 22, 2017

Case Laws     Income Tax     AT

Disallowance of interest - assessee has given interest free advances to two family members with whom the assessee did not have any business connection - Additions confirmed - AT

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