https://www.taxtmi.com/caselaws?id=344878 The ITAT partly allowed the appeal, permitting the interest expenditure as a deduction under S.57(iii) due to the direct nexus between funds and interest income. Additionally, the ITAT directed the deletion of the arbitrarily enhanced income amount as the CIT(A) failed to provide notice to the assessee, which was deemed impermissible under section 251(2). en-us Tue, 17 Jan 2017 00:00:00 +0530 Fri, 30 Jun 2017 07:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344878 The ITAT partly allowed the appeal, permitting the interest expenditure as a deduction under S.57(iii) due to the direct nexus between funds and interest income. Additionally, the ITAT directed the deletion of the arbitrarily enhanced income amount as the CIT(A) failed to provide notice to the assessee, which was deemed impermissible under section 251(2). Case-Laws Income Tax Tue, 17 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344878