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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

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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