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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Taxability of Interest earned on funds - belong to the assessee ...


Interest on Subsidiaries' Shifting & Rehabilitation Fund Not Taxable for Assessee Company; Assets Not Owned by Assessee.

June 10, 2017

Case Laws     Income Tax     AT

Taxability of Interest earned on funds - belong to the assessee or not - amount / funds contributed by subsidiaries towards the shifting and rehabilitation fund - the assets generated from such money cannot be treated as assets of the assessee company - not taxable - AT

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