Addition on account of waiver of loan - assessee has never ...

Interest Waiver Not Claimed as Expenditure; No Basis for Liability Cessation or Business Benefit.

June 28, 2017

Case Laws Income Tax AT

Addition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure in its books of accounts and return of income. Therefore, there is no question of considering it to cessation of liability or any benefit arises from the business.

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Addition on account of waiver of loan - assessee has never ...

Interest Waiver Not Claimed as Expenditure; No Basis for Liability Cessation or Business Benefit.

June 28, 2017

Case Laws Income Tax AT

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