Accrual of income - real income - whether the rate of interest ...

Assessing Officer Cannot Alter Agreed Interest Rate on Inter-Corporate Deposits; Business Judgment Prevails Over Profit Maximization.

December 9, 2017

Case Laws Income Tax AT

Accrual of income - real income - whether the rate of interest by the assessee on the ICD @ 7.5% p.a. could have been enhanced by the AO or not? - AO cannot step into the shoes of the businessman to hold that he should have maximum profit from the transaction - AT

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Accrual of income - real income - whether the rate of interest ...

Assessing Officer Cannot Alter Agreed Interest Rate on Inter-Corporate Deposits; Business Judgment Prevails Over Profit Maximization.

December 9, 2017

Case Laws Income Tax AT

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