Addition of notional interest on the loan given by the assessee ...

AO Cannot Tax Notional Interest on Loan to Subsidiary; Company's Discretion Upheld in Interest Income Decision.

November 10, 2016

Case Laws Income Tax AT

Addition of notional interest on the loan given by the assessee to its wholly owned subsidiary - assessee company took a decision for not booking the interest income - AO cannot tax the interest income on hypothetical basis - AT

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Addition of notional interest on the loan given by the assessee ...

AO Cannot Tax Notional Interest on Loan to Subsidiary; Company's Discretion Upheld in Interest Income Decision.

November 10, 2016

Case Laws Income Tax AT

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