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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Treatment to interest income - the assessee was engaged in ...

Income Tax

October 20, 2015

Treatment to interest income - the assessee was engaged in granting of loans on regular basis and interest income was shown as business income, also attained finality on identical fact in earlier assessment year and accepted by the department as business income, the department is not justified in diverting from its earlier stand - HC

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