Interest income - The deposit of money in the present case is ...

Income Tax

June 29, 2016

Interest income - The deposit of money in the present case is directly linked with the purchase of plant and machinery. - Interest income in the present case must be viewed as capital receipt which shall go to reduce the cost of the asset - HC

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Interest income - The deposit of money in the present case is ...

Income Tax

June 29, 2016

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