Application of Section 41(1) - Interest free unsecured loan from ...

Court Clarifies Interest-Free Loan Conversion Not Taxable Revenue Under Income Tax Act Section 41(1) Interpretation.

July 29, 2013

Case Laws Income Tax HC

Application of Section 41(1) - Interest free unsecured loan from Government - onversion of the capital of one amount to another amount. - there is no provision in the Act that on conversion of one capital from another capital will be treated as revenue receipt - HC

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Application of Section 41(1) - Interest free unsecured loan from ...

Court Clarifies Interest-Free Loan Conversion Not Taxable Revenue Under Income Tax Act Section 41(1) Interpretation.

July 29, 2013

Case Laws Income Tax HC

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