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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Waiver of interest u/s 36(vii) – he waiver of interest at the ...


State's Interest Waiver Recognized as Business Expense u/s 37(1), No Extra Tax Liability Imposed.

December 16, 2014

Case Laws     Income Tax     AT

Waiver of interest u/s 36(vii) – he waiver of interest at the instance of the State Government, has to be allowed as business expenditure u/s 37(1) - no addition - AT

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