Addition on account of interest paid on share application money ...

Interest on Share Application Money Treated as Revenue Expenditure Due to Use for Working Capital in Share Business.

October 26, 2017

Case Laws Income Tax AT

Addition on account of interest paid on share application money - nature of expenses - revenue or capital - the amount received is for the requirements of working capital as the amount so received has been invested in the business of shares - treated as revenue expenditure.

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Addition on account of interest paid on share application money ...

Interest on Share Application Money Treated as Revenue Expenditure Due to Use for Working Capital in Share Business.

October 26, 2017

Case Laws Income Tax AT

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