Addition of interest on NPA - assessee has credited the gross ...

Assessee's Accounting Method for Interest on NPAs Results in Zero Net Taxable Income: Legal Implications Explored.

December 30, 2014

Case Laws Income Tax AT

Addition of interest on NPA - assessee has credited the gross amount of interest on credit side of the Profit & Loss Account and simultaneously shown on the debit side of the Profit & Loss Account, the amount of interest on NPAs - net effect of the said presentation is the same - no addition - AT

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Addition of interest on NPA - assessee has credited the gross ...

Assessee's Accounting Method for Interest on NPAs Results in Zero Net Taxable Income: Legal Implications Explored.

December 30, 2014

Case Laws Income Tax AT

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