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Articles by C.A. Mohit Mittal

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Sec. 36(1)(iii) and principle of commercial expediency

  C.A. Mohit Mittal    24 December 2014 at 12:29

Section 36(1)(iii)- Principle of Commercial expediency As per Sec 36(1)(iii), Deduction shall be allowed for The amount of interest paid in respect of capital borrowed for the purposes of business or professionFor the purpose of claim