http://www.feeleminds.com/blog/ifrs/ifrs-conversion-taxing-times-ahead/ Just another WordPress weblog Mon, 05 Jul 2010 07:00:00 +0530 http://wordpress.org/?v=2.8.4 hourly 1 http://www.feeleminds.com/blog/ifrs/ifrs-conversion-taxing-times-ahead/comment-page-1/#comment-133 Raman Thu, 28 Jan 2010 05:34:54 +0000 http://www.feeleminds.com/blog/?p=481#comment-133 Various courts in the past have held that notional income will not be subject to tax. (esp. in case of Canara Bank and IOB cases, where the question was on taxability of penal interest accured in the books). May be similar stand could be taken now? Various courts in the past have held that notional income will not be subject to tax. (esp. in case of Canara Bank and IOB cases, where the question was on taxability of penal interest accured in the books). May be similar stand could be taken now?

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