Disallowance of interest expenditure - interest expenditure is wholly and exclusively for the purpose of earning interest income. - AO directed to grant the deduction of interest expenditure paid by the assessee, while computing the income under the head “income from other sources”- AT
Disallowance of interest expenditure - interest expenditure is wholly and exclusively for the purpose of earning interest income. - AO directed to grant the deduction of interest expenditure paid by the assessee, while computing the income under the head “income from other sources”- AT
Note: It is a system-generated summary and is for quick reference only.
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