Addition on account of deemed interest on advance - if income ...

Deemed Interest on Advances Not Taxable Without Actual Income, Even with Bookkeeping Entries Showing Hypothetical Income.

January 1, 2018

Case Laws Income Tax AT

Addition on account of deemed interest on advance - if income does not result at all, there cannot be a tax, even though in book keeping, an entry is made about a hypothetical income which does not materialize - AT

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Addition on account of deemed interest on advance - if income ...

Deemed Interest on Advances Not Taxable Without Actual Income, Even with Bookkeeping Entries Showing Hypothetical Income.

January 1, 2018

Case Laws Income Tax AT

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