While accepting the fact that the FDR was for obtaining letter ...

Interest from FDR Used for Letter of Credit Classified as Taxable Income by CIT.

May 12, 2017

Case Laws Income Tax HC

While accepting the fact that the FDR was for obtaining letter of credit to purchase machinery but so far as interest earned thereon is concerned, that is nothing but income through other sources, as such, the CIT rightly treated the same as income taxable. - HC

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While accepting the fact that the FDR was for obtaining letter ...

Interest from FDR Used for Letter of Credit Classified as Taxable Income by CIT.

May 12, 2017

Case Laws Income Tax HC

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