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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Revenue expenditure - interest expenses towards delayed payment ...

August 31, 2021

Case Laws     Income Tax     AT

Revenue expenditure - interest expenses towards delayed payment of EDC external Development Charges to HUDA - - Not to be held as penal in nature u/s 37(1) - the interest expenditure on delayed payment for EDC charges paid to HUDA in the year under consideration is allowable to the assessee - AT

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