Examine This Report on HBS Case Solution
Interest paid as money-tax can't be set off versus curiosity receivable/been given from the assessee beneath Section 244A on the Act. Curiosity paid just isn't an allowable deduction underneath Segment 37, and Except if There exists a provision by which money is usually subject into a deduction, no deduction is permissible from these kinds of revenue.
Cities have rallied powering their groups because sporting activities commenced, nonetheless in Oklahoma Metropolis, what is atypical is definitely the degree to which that romance will not be a person-sided. Enthusiasts, city officials along with the team by itself are intertwined extra intently than Most likely another NBA sector.
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So, In the event the assessee is not really paid interest around the refund(less than Section 244A) following it gets because of for a particular timeframe, it could acquire recourse to law underneath Post 226 in the Structure of India to implement its claim however the Section is not obligated to pay interest on desire As well as the statutory desire.
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Thus, desire receivable below Section 244A that is to become taken care of as revenue under the head ‘Cash flow from other sources’, cannot be subject to deduction .
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The Thunder forward — that is the staff’s second-major scorer — picked up his fourth foul from the third quarter. That may come into Engage in later on tonight.
For the reason that Miami Heat designed a superteam by absolutely free agent signings and won consecutive championships in 2012 and 2013, the only NBA champion to obtain relied that Substantially on trades were the 2019 Toronto Raptors, who traded for four Get More Info in their leading five primary scorers.
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