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Interest on loans taken for acquiring controlling interest in a company is an allowable expenditure
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Corporate Tax
Interest on loans taken for acquiring controlling interest in a company is an allowable expenditure
Posted on
on
February 4, 2020
Tenet Tax Daily February 04 2020
By
tenettax-team
Corporate Tax
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Assessee becoming resident as per FEMA not entitled to exemption under section 10(4)
Refund payable to assessee cannot be withheld on ground of technical difficulty of system
