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Interest under section 234 a,b and c allowable

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2014 interest paid under section 234 A, B and C allowable or Not.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 September 2014 there are few cases where it has been held that such interest is compensatory in nature and is allowed as an expense.

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