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Interest on Delayed Bill Payments Not Considered Loan Interest u/s 2(28A), No Disallowance u/s 40(a)(ia.

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....As the interest paid by assessee is not for any loan or debt but for the delay in payment of bills for purchases effected cannot be termed as interest as defined u/s. 2(28A) - no disallowance u/s. 40(a)(ia) - AT....

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