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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Addition of interest - accrual of interest - Inter-corporate ...


Interest on Inter-Corporate Deposits Not Recognized as Income if Deemed Non-Performing Assets for Tax Purposes.

December 3, 2017

Case Laws     Income Tax     AT

Addition of interest - accrual of interest - Inter-corporate deposits - it cannot be said that interest has accrued to the assessee during the year when the Inter-corporate deposits is equivalent to non-performing assets in the case of the assessee. - AT

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