Section 40(a)(i) not applicable if No tax is deductible U/s. 195(1)

If no tax is deductible under section 195(1), section 40(a)(i) of the IT Act will not come in the way of the appellant claiming such deduction from its income: Barclays Bank Plc case

In Barclays Bank Plc, Mumbai vs. Addl. DIT, Mumbai (

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