https://www.taxtmi.com/highlights?id=26737 Disallowance of deduction of interest expenditure from interest Income - there is a director nexus between the interest earned from the company and the interest paid to the bank. Under these circumstances, the interest expenditure, in our opinion, was rightly allowed - AT en-us Fri, 01 Jan 2016 13:45:52 +0530 Fri, 01 Jan 2016 13:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26737 Disallowance of deduction of interest expenditure from interest Income - there is a director nexus between the interest earned from the company and the interest paid to the bank. Under these circumstances, the interest expenditure, in our opinion, was rightly allowed - AT Highlights Income Tax Fri, 01 Jan 2016 13:45:52 +0530 https://www.taxtmi.com/highlights?id=26737