Reopening Assessment: Incorrect Claim of Interest Paid to Indian Banks for Tanker Hire Charges in Foreign Currency.

Reopening Assessment: Incorrect Claim of Interest Paid to Indian Banks for Tanker Hire Charges in Foreign Currency. https://www.taxtmi.com/highlights?id=34471 Reopening of assessment - payment made towards Tanker Hire Charges in foreign currency on cash basis - the grounds on which the assessment is sought to be reopened is that the interest was paid to the banks situated in India. However, the same is factually not correct. - HC en-us Fri, 21 Apr 2017 08:03:27 +0530 Fri, 21 Apr 2017 08:03:27 +0530 TaxTMI RSS Generator Reopening Assessment: Incorrect Claim of Interest Paid to Indian Banks for Tanker Hire Charges in Foreign Currency. https://www.taxtmi.com/highlights?id=34471 Reopening of assessment - payment made towards Tanker Hire Charges in foreign currency on cash basis - the grounds on which the assessment is sought to be reopened is that the interest was paid to the banks situated in India. However, the same is factually not correct. - HC Highlights Income Tax Fri, 21 Apr 2017 08:03:27 +0530 https://www.taxtmi.com/highlights?id=34471