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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Allowance of interest expenditur - A camouflage or not, the ...

Case Laws     Income Tax

December 6, 2018

Allowance of interest expenditur - A camouflage or not, the assessee had arranged the affairs in such a manner as no interest being earned directly by the assessee firms through the investments made by its partners - ITAT has committed an error in allowing interest expenditure.

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