Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure recovery of the principal sums lent. In absence of realization of real income and there being no accrual of such income subsequent to the aforesaid Board resolutions, interest income could not be added to the income of the assessee for the relevant financial year - HC
Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure recovery of the principal sums lent. In absence of realization of real income and there being no accrual of such income subsequent to the aforesaid Board resolutions, interest income could not be added to the income of the assessee for the relevant financial year - HC
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TaxTMI 
TaxTMI 
of 4886 
