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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Exclusion of interest income for the purpose of computing the ...


Interest Income from Electricity Board Deposits Must Be Included for Section 32AB Deduction Calculation.

August 20, 2015

Case Laws     Income Tax     HC

Exclusion of interest income for the purpose of computing the deduction u/s 32AB - interest derived by the industrial undertaking of the assessee on deposits made with the Electricity Board for the supply of electricity for running the industrial undertaking - interest income not to be excluded for the purpose of computing the deduction u/s 32AB - HC

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