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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Accrual of interest income - By merely filing appeal by the ...

Case Laws     Income Tax

November 6, 2019

Accrual of interest income - By merely filing appeal by the assessee before the Hon’ble Delhi High Court, it cannot be said that interest was not accrued to the assessee. The onus was on the assessee to establish that loan was unrecoverable during the year under consideration and no such evidences having been filed.

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