Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2008 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (4) TMI 358 - AT - Income TaxExtract: .......ncome was for providing finance to one of the contracting parties for a short period for carrying over the transaction to the next settlement period. Accordingly, we are of the view that it is a case of extending loan, the income from which will be interest from loan, includible in the chargeable interest. 6. In the result, the appeal is dismissed.
|