Wednesday, August 29, 2018

Interest income received by developer from advance to contractor for smooth completion of work was capital receipt

IT : Interest income received by assessee-developer from mobilization advances made by it to contractor for purpose of facilitating work of construction, being intrinsically connected with construction work of assessee, would be capital receipt of assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2wngo4P
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