DEPUTY COMMISSIONER OF INCOME TAX VERSUS M/s CREDIT SUISSE FIRST BOSTON (INDIA) SECURITIES LTD - Income Tax - ITAT MUMBAI - Tri - Disallowance of Interest expenditure - Assessee has borrowed huge funds from banks and also in the form of inter Corporate deposits etc - Assessee has been making early payments to the clients when the securities are sold and receiving delayed payments on the purchase transaction from the clientele and in the process has been incurring huge interest liability which ap................................... Income Tax - Case Laws
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