investments

[Asked by Guest]

i am doctor and i am running my nursing home at haryana. i have done few investment out of my income and from loans taken in residential and commercial property. there is no direct nexus between the loan raised and investment done but the ao has added all in my income in scrutiny quoting some abhishek industry order.what do do?

AI Summary

Interest disallowance: lack of business nexus can lead to addition in income; seek detailed professional review.
The central operative point is that interest expense is not allowable if not connected with the taxpayer's business income; determining allowability requires a detailed fact-specific study and professional advice because precedents on nexus and disallowance are mixed.