Income from discontinued business - income of interest received ...

Interest Income from Discontinued Business Advances to be Taxed as Business Income u/s 176(3A) of Income Tax Act.

August 14, 2019

Case Laws Income Tax AT

Income from discontinued business - income of interest received on advances - in view of the provision of Sec. 176(3A) it is clear that the interest income on advances is to be assesseed as business income and the lower authority has failed to consider the provision of Sec. 176(3A) which deal with the income from discontinued of business

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Income from discontinued business - income of interest received ...

Interest Income from Discontinued Business Advances to be Taxed as Business Income u/s 176(3A) of Income Tax Act.

August 14, 2019

Case Laws Income Tax AT

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