Penal Clause for Interest on Delays Doesn't Automatically Allow Assessee to Charge Interest Without Approvals.

Penal Clause for Interest on Delays Doesn't Automatically Allow Assessee to Charge Interest Without Approvals. https://www.taxtmi.com/highlights?id=19007 Accrual of income - Merely because there was a penal clause for charging of interest on account of delay in getting the requisite approval and clearance, it does not ipso facto confers right upon the assessee to charge interest - AT en-us Tue, 24 Jun 2014 10:08:37 +0530 Tue, 24 Jun 2014 10:08:37 +0530 TaxTMI RSS Generator Penal Clause for Interest on Delays Doesn't Automatically Allow Assessee to Charge Interest Without Approvals. https://www.taxtmi.com/highlights?id=19007 Accrual of income - Merely because there was a penal clause for charging of interest on account of delay in getting the requisite approval and clearance, it does not ipso facto confers right upon the assessee to charge interest - AT Highlights Income Tax Tue, 24 Jun 2014 10:08:37 +0530 https://www.taxtmi.com/highlights?id=19007