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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Interest income on Bank deposits - accrual of income - whether a ...


Court Rules Interest on Bank Deposits Must Be Included in Taxable Income; Rejects Exclusion Argument by Assessee.

December 27, 2017

Case Laws     Income Tax     HC

Interest income on Bank deposits - accrual of income - whether a hypothetical income and that the assessee is entitled to get the interest excluded from assessment? - It is not an hypothetical income - demand of tax confirmed - HC

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