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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Addition on account of accrued interest – There is uncertainty ...


Accrued Interest Not Taxable When Principal is Uncertain, Supported by Case Laws in Income Tax Matters.

November 25, 2012

Case Laws     Income Tax     AT

Addition on account of accrued interest – There is uncertainty in realizing the principle itself. - no notional interest can be brought to tax. - AT

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