Addition of notional interest income - the Income Tax Officer ...

Case Laws Income Tax

December 5, 2020

Addition of notional interest income - the Income Tax Officer (ITO) cannot decide affairs of businessman as to how the businessman should incur the expenses or earn the interest. It is the sole discretion of businessman to manage its affairs and not the ITO. - Additions deleted - AT

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Addition of notional interest income - the Income Tax Officer ...

Case Laws Income Tax

December 5, 2020

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