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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Addition u/s 43B - Conversion of interest payable in equity ...

Case Laws     Income Tax

September 18, 2012

Addition u/s 43B - Conversion of interest payable in equity shares - As liability can be discharged in a number of ways, it does emphasize the fundamental principle that unless 'actual payment' is made, the restriction placed in section 43B will hold good and deduction cannot be allowed. - AT

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