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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Disallowance u/s 57 - Principle of consistency - once the ...


Income Tax Law: Interest Allowed Last Year Should Remain Unless Conditions Change, Ensuring Consistent Tax Assessments.

January 7, 2015

Case Laws     Income Tax     HC

Disallowance u/s 57 - Principle of consistency - once the interest is allowed in the previous year and if there is no change in the condition then it can be disallowed in the current years’ assessment - HC

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