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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Addition of interest expenses claimed u/s 57 - All the details ...

Case Laws     Income Tax

October 14, 2019

Addition of interest expenses claimed u/s 57 - All the details were before the CIT(Appeals) but instead of pin pointing any concrete diversion of interest bearing funds; CIT(Appeals) only assumed that some funds might have been used by the assessee for some other purposes - Additions deleted.

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