https://www.taxtmi.com/caselaws?id=350646 The judgment dismissed both appeals filed by the Revenue for the assessment years in question. The decision was based on the interpretation of relevant legal provisions, the purpose of the loan, the nature of the investment, and the application of precedents. The judgment highlighted the importance of establishing a direct relationship between the expenditure and income for tax deduction purposes, as outlined in the CIT vs. Rajendra Prasad Moody case. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 10 Nov 2017 08:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350646 The judgment dismissed both appeals filed by the Revenue for the assessment years in question. The decision was based on the interpretation of relevant legal provisions, the purpose of the loan, the nature of the investment, and the application of precedents. The judgment highlighted the importance of establishing a direct relationship between the expenditure and income for tax deduction purposes, as outlined in the CIT vs. Rajendra Prasad Moody case. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350646