Waiver of outstanding interest couldn’t be considered as withdrawal of provisions while computing book profits

INCOME TAX : Where assessee made no provision for outstanding interest payable on loan, waiver of such outstanding interest could not be considered as withdrawal of provision and, thus, impugned amount could not be reduced from book profitINCOME TAX : Where assessee made no provision for outstanding interest payable on loan, waiver of such outstanding interest could not be considered as withdrawal of provision and, thus, impugned amount could not be reduced from book profitwww.taxmann.com Latest Case LawsRead More

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