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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Deduction of interest u/s 37(1) or 36(1)(iii) - the aforesaid ...

Income Tax

January 25, 2019

Deduction of interest u/s 37(1) or 36(1)(iii) - the aforesaid interest paid by the assessee under protest, was nothing but the money kept in trust before the revenue and the expenditure in that respect could not be said to have even crystallized during impugned AY - Claim not allowed.

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