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Petitioner convicted for cheque dishonour as cheques were issued to pay off debt and weren’t stolen
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Corporate Tax
Petitioner convicted for cheque dishonour as cheques were issued to pay off debt and weren’t stolen
Posted on
on
October 10, 2015
Tenet Tax Daily October 08 2015
By
tenettax-team
Corporate Tax
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No disallowance of interest if borrowed sum was given to affiliate without any interest for commercial expediency
Transactions of unlisted shares of group concern at throw away prices wasn’t genuine transactions
