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




TaxTMI
TaxTMI