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Income Tax On Interest Income From FD, Ownership Need To Te Determined By Arbitral Tribunal: Delhi High Court
Mariya Paliwala
13 Oct 2022 8:00 AM IST
The Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits till the ownership is determined by the arbitral tribunal.The division bench of Justice Manmohan and Justice Manmeet Pritam Singh Arora has agreed with the finding of the two Appellate Authorities below that till the final award was passed by the Arbitral Tribunal determining the ownership...
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