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Case Law Details

Case Name : Shivganga Builders Pvt. Ltd. Vs. ACIT (ITAT Ahmedabad)
Related Assessment Year : 2000- 2001
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SUMMARY OF CASE LAW

The assessee may make an imprudent business decision but the same itself does not empower the Revenue to disallow legitimate and bona fide business expenditure. 

 RELEVANT PARAGRAPH

We have heard the rival submissions and perused the orders of the lower authorities and the material available on record. In the instant case it is observed that interest expenditure claimed

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