Addition on account of interest paid on share application money ...

Case Laws Income Tax

October 26, 2017

Addition on account of interest paid on share application money - nature of expenses - revenue or capital - the amount received is for the requirements of working capital as the amount so received has been invested in the business of shares - treated as revenue expenditure.

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Addition on account of interest paid on share application money ...

Case Laws Income Tax

October 26, 2017

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