Addition of interest income - disallowance of interest income by ...

Court Rules Interest Expenses Deductible Against Earned Interest During Pre-Commencement Phase, Citing Case Law Support.

August 8, 2020

Case Laws Income Tax AT

Addition of interest income - disallowance of interest income by not allowing proportional deduction of interest expenses - if it is presumed that the assessee did not commence its business operation and was under pre-commencement period than still in view of following case law the interest expenses should be allowed against interest earned in pre-commencement period. - AT

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Addition of interest income - disallowance of interest income by ...

Court Rules Interest Expenses Deductible Against Earned Interest During Pre-Commencement Phase, Citing Case Law Support.

August 8, 2020

Case Laws Income Tax AT

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