Case Law Details
Case Name : Commissioner of Income Tax II Vs Sar Infracon Pvt Ltd. (Gujarat High Court at Ahmedabad)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Interest received on FDR made from grant received from Govt. can’t be considered as assessee’s income if such interest is to be treated as part of the grant as per the terms of release of such grant:
What is important is whether the interest earned on the Central Government grant is to be treated as the income earned or not, and not what the assessee claimed. As stated hereinabove, in the letter of the Central Government releasing the grant, which provides a condition that the i
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
0 Comments
Leave a Comment
Subscribe to Our Daily Newsletter
Note: By subscribing, you allow us to send you the latest tax news, product updates, promotional content, and exclusive offers directly to your inbox
Sponsored
Sponsored
Sponsored
Search Post by Date
What about the refund claimed by the assesee??
Is it still allowed to be claimed without offering the Interest as income??