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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Notional accrued interest on optionally fully convertible ...


Notional Interest on OFCPNs Not Considered Income; No Additions to Assessee's Income Required.

July 2, 2013

Case Laws     Income Tax     AT

Notional accrued interest on optionally fully convertible premium notes (OFCPNs) - it cannot be said that any income has accrued to he assessee on account of these OFCPNs - No additions - AT

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