Disallowance of Interest payable to Alimenta on the amount ...

High Court allows NAFED's interest deduction to Alimenta, clarifying obligation despite judgment stay. Discusses confirmed vs. contingent liability.

April 22, 2017

Case Laws Income Tax HC

Disallowance of Interest payable to Alimenta on the amount awarded - Confirmed liability or contingent liability - the mere fact that the said judgment and decree was stayed by a DB would not relieve NAFED of its obligation to pay interest in terms thereof to Alimenta - Claim of deduction allowed - HC

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Disallowance of Interest payable to Alimenta on the amount ...

High Court allows NAFED's interest deduction to Alimenta, clarifying obligation despite judgment stay. Discusses confirmed vs. contingent liability.

April 22, 2017

Case Laws Income Tax HC

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