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Monday, May 1, 2017

No sec 40A(2)(b) rws 36 disallowance on Trade advance given to sister concern

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No disallowance can be made under Section 40A(2) (b) read with Section 36 of the Income Tax Act of interest paid on borrowed funds for trade advance given out of commercial expediency to sister concerns.

May 01, 2017 at 08:07AM

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from admin

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