Dis-allowance of interest expense from allegadly interest income ...

Case Laws Income Tax

January 17, 2012

Dis-allowance of interest expense from allegadly interest income by Revenue – The interest paid to the power procurement utilities on commitment advances was capitalized. Interest paid and interest received were inextricably linked and have a commonality about their nature and character. They cannot be treated differently..... - HC

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Dis-allowance of interest expense from allegadly interest income ...

Case Laws Income Tax

January 17, 2012

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