Interest Expenses Disallowed: Investments from Mixed Funds Lack Clear Borrowing Connection in Income Tax Cases.

Interest Expenses Disallowed: Investments from Mixed Funds Lack Clear Borrowing Connection in Income Tax Cases. https://www.taxtmi.com/highlights?id=36537 Allowability of interest expense - In absence of establishing the necessary nexus being between the borrowings and the investments in the mutual funds, it can safely be concluded that the investments in the mutual fund units have been made out of mixed funds. en-us Fri, 06 Oct 2017 18:48:36 +0530 Fri, 06 Oct 2017 18:48:36 +0530 TaxTMI RSS Generator Interest Expenses Disallowed: Investments from Mixed Funds Lack Clear Borrowing Connection in Income Tax Cases. https://www.taxtmi.com/highlights?id=36537 Allowability of interest expense - In absence of establishing the necessary nexus being between the borrowings and the investments in the mutual funds, it can safely be concluded that the investments in the mutual fund units have been made out of mixed funds. Highlights Income Tax Fri, 06 Oct 2017 18:48:36 +0530 https://www.taxtmi.com/highlights?id=36537