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Interest disallowed as sum advanced by builder for acquisition of property wasn’t utilized by AE for said purpose

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Posted onon December 15, 2015

Tenet Tax Daily December 12 2015

By tenettax-team
Corporate Tax

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No cessation of liability under sec. 41(1) just because liability was more than 7 years old
Payment of hoarding charges are liable to sec. 194C TDS and not sec. 194-I TDS

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