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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Interest received from bank deposits/balances - whether is ...


Bank Deposit Interest Not Exempt from Taxation Under 'Principles of Mutuality'; Third-Party Interest Also Non-Exempt.

September 12, 2015

Case Laws     Income Tax     AT

Interest received from bank deposits/balances - whether is covered by ‘Principles of mutuality’ or not? - interest received from third parties cannot be exempted under the ‘Principles of mutuality’ - AT

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