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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Addition towards interest on advances to partners - interest ...


Interest Deductions Denied for Interest-Free Advances to Partners, Confirmed as Non-Business Use of Funds, Increases Taxable Income.

October 13, 2018

Case Laws     Income Tax     AT

Addition towards interest on advances to partners - interest free advances given to partners - Disallowance of interest for diversion of funds - Additions confirmed.

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