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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Whether the interest earned by the assessee on the fixed ...


High Court Rules Interest from Pre-Operative Fixed Deposits Reduces Capital Asset Costs in Financial Calculations.

January 6, 2016

Case Laws     Income Tax     HC

Whether the interest earned by the assessee on the fixed deposits kept for managing bank guarantees during pre-operative period would reduce the cost of the capital assets? - Held Yes - HC

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