Interest on FD interest used as LC Margin Money for Industry set-up is taxable as Other Income

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In the case in hand, it is not in dispute that the assessee had income of interest through FDRs and while setting off that the Assessing Officer as well as the ITAT did not examine the aspect as to under which provision the assessee claimed deduction or set off his income from other sources against […]

May 23, 2017 at 02:46PM

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from CA Sandeep Kanoi

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