Enhanced compensation and interest - compensation and interest ...
Delhi High Court Reviews Enhanced Compensation and Interest Taxation for Mercantile System Assessee.
October 22, 2015
Case Laws Income Tax AT
Enhanced compensation and interest - compensation and interest thereon is sub-judice before the Hon’ble Delhi High Court - Admittedly the assessee followed mercantile system of accounting. Under these circumstances, the interest income in question cannot be brought to tax during the year. - AT
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