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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Interest income from loans - accrual of interest - in the year ...


High Court Rules Interest Income from Loans Taxable in Profitable Years for Borrowing Companies.

September 12, 2012

Case Laws     Income Tax     HC

Interest income from loans - accrual of interest - in the year under appeal in which the borrowing companies were making handsome profits - held as taxable - HC

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