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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

There were at the relevant time and even today no thin ...


Interest Payments on Debt Capital Allowed: No Thin Capitalization Rules in Effect Currently.

October 29, 2012

Case Laws     Income Tax     HC

There were at the relevant time and even today no thin capitalization rules in force. Consequently, the interest payment on debt capital cannot be disallowed - HC

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