https://www.taxtmi.com/highlights?id=51665 Accrued interest on the loan raised for the company against F.D. Booked by the Director - this interest is actually the liability of the company and there is no basis for claiming this expenditure, in the hands of the appellant. Therefore there is no basis for setting off of this liability of company against interest earned by assessee on funds belonging to him deposited in the bank. en-us Mon, 10 Feb 2020 08:49:23 +0530 Mon, 10 Feb 2020 08:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51665 Accrued interest on the loan raised for the company against F.D. Booked by the Director - this interest is actually the liability of the company and there is no basis for claiming this expenditure, in the hands of the appellant. Therefore there is no basis for setting off of this liability of company against interest earned by assessee on funds belonging to him deposited in the bank. Highlights Income Tax Mon, 10 Feb 2020 08:49:23 +0530 https://www.taxtmi.com/highlights?id=51665