Chargeability of interest income - interest received in the ...
Interest Income Before Business Start is Capital Receipt, Offset Against Pre-Operative or Development Expenses.
July 29, 2015
Case Laws Income Tax AT
Chargeability of interest income - interest received in the period prior to commencement of business was in the nature of capital receipt and hence was required to be set off against the pre-operative expenses / project development expenditure - AT
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