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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

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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