Addition on interest accrued on sticky loans and advances - ...

Case Laws Income Tax

November 18, 2017

Addition on interest accrued on sticky loans and advances - Under the mercantile system of accounting an income accrues when there is reasonable certainty for realising any receipts or revenue. Hypothetical income cannot be taken into account. - AT

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Addition on interest accrued on sticky loans and advances - ...

Case Laws Income Tax

November 18, 2017

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