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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Interest earned on short term deposits - capital receipt OR ...

Case Laws     Income Tax

July 10, 2019

Interest earned on short term deposits - capital receipt OR Income from Other Sources - two Authorities below and the Tribunal, proceeded on the legal principle without making an in-depth study on the facts - the settled legal principle is that the law has to be applied to the facts of the given case and not in the reverse - remanded to AO to record his finding on facts

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