TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>High Court affirms Tribunal's decision on disallowed hundi loans & interest under Income-tax Act</h1> The High Court of Madras upheld the Income-tax Appellate Tribunal's decision to delete disallowed hundi loans and interest under section 69D of the ... Import Entitlements, Profits Derived From Industrial Undertaking, Special Deduction The High Court of Madras ruled that the Income-tax Appellate Tribunal was correct in deleting hundi loans of Rs. 1,15,000 and interest of Rs. 15,000 disallowed by the Income-tax Officer under section 69D of the Income-tax Act, 1961. The court held that section 69D did not apply to the loans in question, following previous decisions on similar cases. The Department's appeal was dismissed, and the Tribunal's decision was upheld.
TaxTMI 
TaxTMI 
