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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Deemed income u/s 41(1) - merely relying upon the expression ...

Case Laws     Income Tax

February 25, 2013

Deemed income u/s 41(1) - merely relying upon the expression ‘principal’ used in the letter, one cannot conclude that the amount contains only the principal component of loan, and no element of interest is embedded therein. - AT

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