https://www.taxtmi.com/circulars?id=10594 Section 9 provides that interest payable or paid by a buyer to a supplier under the Act shall not be allowed as a deduction in computing the buyer's total income for income tax purposes; assessing officers are instructed to note and apply this statutory prohibition when assessing income. en-us Thu, 29 May 2003 00:00:00 +0530 Wed, 15 Jun 2011 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10594 Section 9 provides that interest payable or paid by a buyer to a supplier under the Act shall not be allowed as a deduction in computing the buyer's total income for income tax purposes; assessing officers are instructed to note and apply this statutory prohibition when assessing income. Circulars Income Tax Thu, 29 May 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10594