Taxability of interest income earned prior to commencement of ...

Case Laws Income Tax

April 23, 2019

Taxability of interest income earned prior to commencement of business - because the shareholder of the company was in a position to pass resolution or issue any letter, it cannot change the character of the source of the income - interest earned from the Bank deposits is to be assessed as income from other sources and it cannot be set off against the capital expenditure

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Taxability of interest income earned prior to commencement of ...

Case Laws Income Tax

April 23, 2019

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