Addition of notional interest income - the Income Tax Officer ...

Tax Officer Can't Dictate Business Management; Notional Interest Additions Deleted Under Business Discretion.

December 5, 2020

Case Laws Income Tax AT

Addition of notional interest income - the Income Tax Officer (ITO) cannot decide affairs of businessman as to how the businessman should incur the expenses or earn the interest. It is the sole discretion of businessman to manage its affairs and not the ITO. - Additions deleted - AT

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Addition of notional interest income - the Income Tax Officer ...

Tax Officer Can't Dictate Business Management; Notional Interest Additions Deleted Under Business Discretion.

December 5, 2020

Case Laws Income Tax AT

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