https://www.taxtmi.com/highlights?id=54301 Addition of interest income - disallowance of interest income by not allowing proportional deduction of interest expenses - if it is presumed that the assessee did not commence its business operation and was under pre-commencement period than still in view of following case law the interest expenses should be allowed against interest earned in pre-commencement period. - AT en-us Sat, 08 Aug 2020 13:58:12 +0530 Sat, 08 Aug 2020 13:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54301 Addition of interest income - disallowance of interest income by not allowing proportional deduction of interest expenses - if it is presumed that the assessee did not commence its business operation and was under pre-commencement period than still in view of following case law the interest expenses should be allowed against interest earned in pre-commencement period. - AT Highlights Income Tax Sat, 08 Aug 2020 13:58:12 +0530 https://www.taxtmi.com/highlights?id=54301