Principle of netting or set off - The delay in payment of the ...
Netting Principle: Linking Sale Proceeds Delay with Borrowing Repayment Delay, Impacting Interest Income and Liability.
December 19, 2012
Case Laws Income Tax HC
Principle of netting or set off - The delay in payment of the sale proceeds and the delay in repayment of the borrowing are both intertwined; one gives rise to interest income and the other gives rise to interest liability. - HC
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