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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Deduction of Interest liability - merely because assessee has ...


Court Rules Disputed Liability Doesn't Make It Unascertained; Interest Liability from Previous Year Not Deductible.

March 2, 2013

Case Laws     Income Tax     HC

Deduction of Interest liability - merely because assessee has disputed its liability it can can not be held as un-ascertained liability - interest liability of earlier year not allowed - HC

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