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![Flat Buyers refused to Pay Interest Charged for Late Payment of Amount: ITAT deletes Addition since Tax is not leviable on ‘Hypothetical Income’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Transfer-of-Possession-of-Flats-Taxscan.jpg "Flat Buyers refused to Pay Interest Charged for Late Payment of Amount: ITAT deletes Addition since Tax is not leviable on ‘Hypothetical Income’ [Read Order]")
Flat Buyers refused to Pay Interest Charged for Late Payment of Amount: ITAT deletes Addition since Tax is not leviable on ‘Hypothetical Income’ [Read Order]
In DCIT v. M/s Ferrous Infrastructure Pvt. Ltd, the ITAT Delhi deleted addition in respect of interest income shown in the books of accounts by the...