https://www.taxtmi.com/caselaws?id=122670 The Tribunal partly allowed the appeals for statistical purposes. The Tribunal directed the Assessing Officer to reconsider the netting of interest income based on the established nexus between interest expenditure and interest income from bank deposits. The Tribunal referenced the Delhi High Court's judgment in Shri Ram Honda Power Equipment for guidelines on netting interest. en-us Fri, 20 Nov 2009 00:00:00 +0530 Thu, 16 Aug 2012 14:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122670 The Tribunal partly allowed the appeals for statistical purposes. The Tribunal directed the Assessing Officer to reconsider the netting of interest income based on the established nexus between interest expenditure and interest income from bank deposits. The Tribunal referenced the Delhi High Court's judgment in Shri Ram Honda Power Equipment for guidelines on netting interest. Case-Laws Income Tax Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122670