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Income Tax - Highlights / Catch Notes

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Accrual of interest income - FDRs made in the name of the ...

Case Laws     Income Tax

October 10, 2022

Accrual of interest income - FDRs made in the name of the respondent-assessee by virtue of a consensual order passed by the Arbitral Tribunal - till the final award was passed by the Arbitral Tribunal determining the ownership of the fixed deposits and interest, it could not be said that the interest income had crystallized in the respondent’s hands - HC

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