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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Assessee while giving the loan to another society did not ...


Loan to Society Complies with Income Tax Act: No Violation of Sections 13(1)(d) and 11(5) Found.

August 29, 2012

Case Laws     Income Tax     AT

Assessee while giving the loan to another society did not violate the provisions of section 13(1)(d) read with section 11(5) as the loan was neither an investment nor a deposit - AT

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