Interest income - The deposit of money in the present case is ...

Interest Income from Deposits Linked to Plant Purchases Counts as Capital Receipt, Reducing Asset Cost.

June 29, 2016

Case Laws Income Tax HC

Interest income - The deposit of money in the present case is directly linked with the purchase of plant and machinery. - Interest income in the present case must be viewed as capital receipt which shall go to reduce the cost of the asset - HC

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Interest income - The deposit of money in the present case is ...

Interest Income from Deposits Linked to Plant Purchases Counts as Capital Receipt, Reducing Asset Cost.

June 29, 2016

Case Laws Income Tax HC

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