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of <h1>Delhi High Court to Review Tax Appeal on Loan Interest Deduction & Expense Disallowance</h1> <h3>Friends Clearing Agency (P.) Ltd. Versus Commissioner Of Income-Tax</h3> The High Court of Delhi admitted the appeal concerning two significant legal questions from the Tribunal's order on ITA No. 1491/Delhi of 1996 for the ... Appeal To High Court, Business Expenditure The High Court of Delhi admitted the appeal regarding two substantial questions of law arising from the Tribunal's order on ITA No. 1491/Delhi of 1996 for the assessment year 1992-93. The questions involve deduction of interest payable on loans from J and K Bank and the disallowance of expenses on estimate basis. The appellant is required to file ten copies of documents within three months for the appeal to be listed for hearing.
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