https://www.taxtmi.com/caselaws?id=352262 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the assessee's right to claim interest expenses against interest income based on the direct nexus between the funds used for lending activities and the interest income earned. The Tribunal also supported the computation of interest expenses as per Rule 8D, finding no grounds for interference with the CIT(A)'s decision. en-us Wed, 06 Dec 2017 00:00:00 +0530 Mon, 11 Dec 2017 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352262 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the assessee's right to claim interest expenses against interest income based on the direct nexus between the funds used for lending activities and the interest income earned. The Tribunal also supported the computation of interest expenses as per Rule 8D, finding no grounds for interference with the CIT(A)'s decision. Case-Laws Income Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352262