Correct head of income - interest received from partners - ...

Tax Department Inconsistency: Interest from Partners Should Consistently Reduce Work-in-Progress Across Assessment Years.

December 24, 2020

Case Laws Income Tax AT

Correct head of income - interest received from partners - Department having accepted the treatment of the assessee in reducing interest from partners from work-in-progress in the immediately preceding assessment year and also in the immediately succeeding assessment year, we see no reason to reject the very same treatment given by the assessee for the interest received from the partners for the current Assessment Year - AT

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Correct head of income - interest received from partners - ...

Tax Department Inconsistency: Interest from Partners Should Consistently Reduce Work-in-Progress Across Assessment Years.

December 24, 2020

Case Laws Income Tax AT

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