https://www.taxtmi.com/caselaws?id=257859 The Tribunal remitted the matter back to the Assessing Officer (AO) to determine the source of funds for investments in bonds. If the investments were made from interest-bearing funds, the deduction of interest and other charges should be allowed; otherwise, the Revenue's disallowance stands. The appeals for the assessment years 2006-07, 2007-08, and 2008-09 were allowed for statistical purposes, with a direction to re-examine the source of funds for investments in bonds and adjust deductions accordingly. en-us Thu, 12 Mar 2015 00:00:00 +0530 Mon, 04 May 2015 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257859 The Tribunal remitted the matter back to the Assessing Officer (AO) to determine the source of funds for investments in bonds. If the investments were made from interest-bearing funds, the deduction of interest and other charges should be allowed; otherwise, the Revenue's disallowance stands. The appeals for the assessment years 2006-07, 2007-08, and 2008-09 were allowed for statistical purposes, with a direction to re-examine the source of funds for investments in bonds and adjust deductions accordingly. Case-Laws Income Tax Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257859