Interest free advances - Disallowance of part interest paid on ...

Case Laws Income Tax

October 9, 2018

Interest free advances - Disallowance of part interest paid on unsecured loans - Merely because non-interest-bearing advances were given to third parties, would not justify a finding that the test of “commercial expediency” was not satisfied.

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Interest free advances - Disallowance of part interest paid on ...

Case Laws Income Tax

October 9, 2018

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