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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Interest on Special Purpose Notes - If the promoters SPN holders ...


High Court Rules Interest on SPNs Not a Colorable Device for Tax Planning.

November 1, 2017

Case Laws     Income Tax     HC

Interest on Special Purpose Notes - If the promoters SPN holders and the banks and financial institutions therefore, traded in such SPNs, the same would not indicate any colourable device of tax planning. - HC

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