Accrual of interest - assessee has not received any amount till ...

Case Laws Income Tax

December 18, 2013

Accrual of interest - assessee has not received any amount till date. - No benefit has been received, so no addition can be made on the notional income. However, the department is always at liberty to charge tax as and when the amount will be received by the assessee - HC

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Accrual of interest - assessee has not received any amount till ...

Case Laws Income Tax

December 18, 2013

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