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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Addition u/s 43B - conversion of unpaid interest into a funded ...


Supreme Court Rules Conversion of Unpaid Interest into Funded Loan Cannot Be Treated as Payment u/s 43B.

February 28, 2019

Case Laws     Income Tax     SC

Addition u/s 43B - conversion of unpaid interest into a funded interest loan treating the same as interest payment - The Appellate Authority, ITAT and the High Court erred in reversing the said disallowance.

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