Interest Expense Disallowed u/s 57: No Direct Link Between Interest Income and Expenditure Confirmed Additions.

Interest Expense Disallowed u/s 57: No Direct Link Between Interest Income and Expenditure Confirmed Additions. https://www.taxtmi.com/highlights?id=27202 Disallowance of interest expenditure u/s 57 - nexus between the interest income vis-à-vis the interest expenditure - no nexus between the impugned income and interest is forthcoming - Additions confirmed - AT en-us Thu, 04 Feb 2016 07:08:20 +0530 Thu, 04 Feb 2016 07:08:20 +0530 TaxTMI RSS Generator Interest Expense Disallowed u/s 57: No Direct Link Between Interest Income and Expenditure Confirmed Additions. https://www.taxtmi.com/highlights?id=27202 Disallowance of interest expenditure u/s 57 - nexus between the interest income vis-à-vis the interest expenditure - no nexus between the impugned income and interest is forthcoming - Additions confirmed - AT Highlights Income Tax Thu, 04 Feb 2016 07:08:20 +0530 https://www.taxtmi.com/highlights?id=27202