https://www.taxtmi.com/caselaws?id=360013 The Tribunal allowed the assessee's appeal, holding that the expenses incurred in recovering fixed deposits and interest were admissible under section 57(iii) of the Income Tax Act. The Tribunal emphasized that the expenses were solely for earning income from other sources, as directed by the High Court, and not of a capital or personal nature. The Assessing Officer was directed to allow legal expenses with valid bills and verify travel expenses, highlighting the admissibility of expenses under section 57(iii) for earning income from other sources. en-us Tue, 20 Feb 2018 00:00:00 +0530 Tue, 08 May 2018 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360013 The Tribunal allowed the assessee's appeal, holding that the expenses incurred in recovering fixed deposits and interest were admissible under section 57(iii) of the Income Tax Act. The Tribunal emphasized that the expenses were solely for earning income from other sources, as directed by the High Court, and not of a capital or personal nature. The Assessing Officer was directed to allow legal expenses with valid bills and verify travel expenses, highlighting the admissibility of expenses under section 57(iii) for earning income from other sources. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360013