Disallowance in respect of waiver of interest on Government of ...

Waiver of Interest on Government Loan and LIC Guarantee Fee Not Upheld u/s 41(1); Not Classified Under 43B.

January 19, 2019

Case Laws Income Tax AT

Disallowance in respect of waiver of interest on Government of India Loan - guarantee fee of LIC, u/s 41(1) - the stand of the department in earlier years is that the same is covered u/s 43B and therefore not allowable - Therefore, addition on account of Section 41(1) does not sustain.

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Disallowance in respect of waiver of interest on Government of ...

Waiver of Interest on Government Loan and LIC Guarantee Fee Not Upheld u/s 41(1); Not Classified Under 43B.

January 19, 2019

Case Laws Income Tax AT

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