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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Additions towards interest on capital - the interest payment ...


Interest on Capital as Unexplained Cash Credits Must Be Treated as Firm's Income from Unexplained Sources.

May 2, 2018

Case Laws     Income Tax     AT

Additions towards interest on capital - the interest payment relating to the addition confirmed as unexplained cash credit in the hands of the firm is not allowable and the same is to be treated as income in the hands of the firm as unexplained sources. - AT

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