Interests on capital account allowed on daily basis not on opening/ closing balance – ITAT
January 13, 2023
Income Tax, ITAT
Interests on capital account has to be calculated on daily product basis not on opening or closing balance of financial year – ITAT ABCAUS Case Law Citation ABCAUS 3636 (2023) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …