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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Interest on loan sanctioned from state government - mercantile ...


High Court Rules Interest on State-Approved Loan Can't Be Claimed for Previous Years in Current Assessment Year.

February 11, 2013

Case Laws     Income Tax     HC

Interest on loan sanctioned from state government - mercantile system - the liability for payment of interest for all the previous AYs cannot be claimed or allowed in the relevant AY - HC

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