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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Accrual of interest - uncertainty - it cannot be presumed that ...


Court Rules 18% Interest Rate in Recovery Suits Cannot Be Presumed Accrued, Affecting Tax Liabilities Assessment.

June 18, 2014

Case Laws     Income Tax     AT

Accrual of interest - uncertainty - it cannot be presumed that the interest accrued to the assessee at the rate of 18% p.a. as claimed by the assessees in the suits filed for recovery of advances - AT

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