Accrual of interest income - Commercial decision was taken by ...

Income Tax

May 26, 2017

Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure recovery of the principal sums lent. In absence of realization of real income and there being no accrual of such income subsequent to the aforesaid Board resolutions, interest income could not be added to the income of the assessee for the relevant financial year - HC

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Accrual of interest income - Commercial decision was taken by ...

Income Tax

May 26, 2017

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