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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Addition on account of interest expense claimed against the ...

Case Laws     Income Tax

December 11, 2017

Addition on account of interest expense claimed against the interest income - As the interest bearing fund has been advanced by the assessee to the parties to earn interest then in our considered view the interest paid qua to the interest income was very much eligible for deduction u/s 57(iii) of the Act - AT

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