https://www.taxtmi.com/highlights?id=56757 Adding same income twice - interest income - if interest income is excluded from profit & loss account, the business loss would increase further. However, the same would still be not be allowable since the assessee has not substantiated any expenditure. The interest income has rightly been assessed under the head Income from other sources keeping in view the assessee’s nature of business. - AT en-us Tue, 16 Feb 2021 14:07:45 +0530 Tue, 16 Feb 2021 14:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56757 Adding same income twice - interest income - if interest income is excluded from profit & loss account, the business loss would increase further. However, the same would still be not be allowable since the assessee has not substantiated any expenditure. The interest income has rightly been assessed under the head Income from other sources keeping in view the assessee’s nature of business. - AT Highlights Income Tax Tue, 16 Feb 2021 14:07:45 +0530 https://www.taxtmi.com/highlights?id=56757