https://www.taxtmi.com/highlights?id=30922 Disallowance of loan processing charges and pre-payment charges paid to the bank - so long as the expenses incurred by the assessee are genuine and not part of any colorable device to make tax evasion, then such expenses should be allowed under the relevant provisions of the Act. - AT en-us Wed, 24 Aug 2016 11:02:02 +0530 Wed, 24 Aug 2016 11:02:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30922 Disallowance of loan processing charges and pre-payment charges paid to the bank - so long as the expenses incurred by the assessee are genuine and not part of any colorable device to make tax evasion, then such expenses should be allowed under the relevant provisions of the Act. - AT Highlights Income Tax Wed, 24 Aug 2016 11:02:02 +0530 https://www.taxtmi.com/highlights?id=30922