Accrual of interest earned on earmarked funds - Assessee is ...

Interest on Earmarked Funds Directed by Comptroller and Auditor General Not Considered Assessee Income; Must Serve Specific Purpose.

May 7, 2018

Case Laws Income Tax AT

Accrual of interest earned on earmarked funds - Assessee is bound to follow the directions of C & AG of India - when interest on earmarked fund is not related to the assessee and shall have to be spent for specific purpose, it could not be treated as income of the assessee - AT

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Accrual of interest earned on earmarked funds - Assessee is ...

Interest on Earmarked Funds Directed by Comptroller and Auditor General Not Considered Assessee Income; Must Serve Specific Purpose.

May 7, 2018

Case Laws Income Tax AT

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