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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

The assessee may have interest income on its capital or on its ...


Interest Income Cannot Offset Payments Using Hypothetical Calculations Per Tax Rule.

December 2, 2013

Case Laws     Income Tax     AT

The assessee may have interest income on its capital or on its non-interest bearing funds received from somebody else but the said interest cannot be set off against the interest payment on the basis of some hypothesis or presumption - AT

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