Thursday, June 14, 2018

Interest earned from FDs kept as security for business purpose won't entitle one to sec. 80-IC deduction

IT: SLP against High Court's decision that since interest income earned from FD kept as security and as a business perquisite had nothing to do with carrying on business of manufacture and sale of electric meter by assessee, income was not entitled to section 80-IC deduction

from www.taxmann.com Latest Case Laws https://ift.tt/2HN2f3C

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...