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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Disallowance of interest expenses - assessee has not charged any ...

Case Laws     Income Tax

November 9, 2020

Disallowance of interest expenses - assessee has not charged any interest in respect of advance given to the wife of the one of the key personnel of the company - In view of the huge funds available with the assessee without any interest liability, we find that the issue is squarely covered in favour of assessee. - AT

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