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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Determination of interest on receivables which assessee was ...


Court Rules No Need for Notional Interest on Unreported Receivables as Payables Exceed Receivables from Associated Enterprise.

May 18, 2016

Case Laws     Income Tax     AT

Determination of interest on receivables which assessee was failed to report in the form 3CEB - the account payables are more than the account receivables from AE. Hence, charging of notional interest does not arise. - AT

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