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        Income Tax

        Section 19 - Omitted

        Income-tax Act, 1961
        Part B
        [Omitted]

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        Deductions from interest on securities allow expense and borrowing-cost deductions when computing interest-on-securities income. Section 19 was omitted. Previously it treated Deductions from interest on securities, allowing deduction of reasonable sums expended to realise such interest and deduction of interest payable on monies borrowed for the purpose of investment in securities when computing income under the head 'Interest on securities.'
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Deductions from interest on securities allow expense and borrowing-cost deductions when computing interest-on-securities income.

                              Section 19 was omitted. Previously it treated Deductions from interest on securities, allowing deduction of reasonable sums expended to realise such interest and deduction of interest payable on monies borrowed for the purpose of investment in securities when computing income under the head "Interest on securities."


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