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

Income Tax

May 12, 2017

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 ...

Income Tax

May 12, 2017

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