Interest Income from Bank-Assured Portfolio Management Schemes Cannot Offset Capital Work in Progress or Pre-Operative Expenses.

Taxability of interest income from investment in Portfolio Management Scheme under which the banks gave an assured earning guarantee. - interest income cannot be permitted to be adjusted against the capital work in progress or the pre-operative expenses - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X