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Case Law Details

Case Name : Genxt Mobile LLP Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2014-15
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Genxt Mobile LLP Vs ACIT (ITAT Mumbai)

Introduction: A recent case, Genxt Mobile LLP vs. ACIT, came before the Income Tax Appellate Tribunal (ITAT) Mumbai, revolving around the disallowance of interest expenditure under Section 40A(2)(a) of the Income Tax Act, 1961. The tribunal’s decision addressed whether the disallowance was justified or not. This article provides an in-depth analysis of the case and its implications.

Detailed Analysis:

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