Case Law Details
Case Name : M/s. Forever Diamonds Pvt. Ltd Vs Deputy Commissioner of Income Tax (ITAT Mumbai)
Appeal Number : Income Tax Appeal No.5720/Mum/2011
Date of Judgement/Order : 23/01/2013
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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Brief of the Case: In the cited case, ITAT held that the Assessing Officer does not have power to embark upon the fresh enquiry with regard to the entries made in the books of accounts of the Company when the accounts of an assessee Company is prepared
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Dear Sir,
PLS. Clarify me rg. to the following.
Our Company earned interest on fixed deposits for the FY 2014-15
Phisically credited in our account : 2,76, 000.
Accured interest 8,73,000/-
Interest paid to bankers on the same fixed deposits 2,79,842.
Now my doubt is what is our actual inerest received income as income from other sources.
Regards,
Shekar
Dear Sir,
PLS. Clarify me rg. to the following.
Our Company earned interest on fixed deposits for the FY 2014-15
Phisically credited in our account : 2,76, 000.
Accured interest 8,73,000/-
Interest paid to bankers on the same fixed deposits 2,79,842.
Now my doubt is what is our actual inerest received income as income from other sources.
Regards,
Shekar