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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

The assessee was entitled for deduction on account of interest ...

Case Laws     Income Tax

February 8, 2018

The assessee was entitled for deduction on account of interest paid to Allahabad Bank on the borrowed funds under section 57(iii) - such interest payment being more than the interest earned in both the years under consideration, no addition was liable to be made to the total income of the assessee on this issue - AT

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