Accrual of interest - assessee has not received any amount till ...

No Income Tax Addition on Notional Income Until Amount is Received by Assessee; Future Taxation Possible.

December 18, 2013

Case Laws Income Tax HC

Accrual of interest - assessee has not received any amount till date. - No benefit has been received, so no addition can be made on the notional income. However, the department is always at liberty to charge tax as and when the amount will be received by the assessee - HC

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Accrual of interest - assessee has not received any amount till ...

No Income Tax Addition on Notional Income Until Amount is Received by Assessee; Future Taxation Possible.

December 18, 2013

Case Laws Income Tax HC

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