https://www.taxtmi.com/caselaws?id=389984 The Tribunal allowed the appeal of the assessee, setting aside the lower authorities' orders and permitting the claim of interest expenditure under section 57(iii) of the Act. The judgment highlighted the significance of the purpose of expenditure for earning income, regardless of the interest rate paid, affirming that tax planning within legal limits is acceptable. en-us Tue, 29 Oct 2019 00:00:00 +0530 Fri, 20 Dec 2019 12:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389984 The Tribunal allowed the appeal of the assessee, setting aside the lower authorities' orders and permitting the claim of interest expenditure under section 57(iii) of the Act. The judgment highlighted the significance of the purpose of expenditure for earning income, regardless of the interest rate paid, affirming that tax planning within legal limits is acceptable. Case-Laws Income Tax Tue, 29 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389984