https://www.taxtmi.com/caselaws?id=424560 In ITA No. 144/Hyd/2020, the appeal filed by the assessee was allowed, and the order of the ld.CIT(A) was set aside. In ITA No. 148/Hyd/2020, the appeal filed by the assessee was dismissed, and the order of the ld.CIT(A) was upheld. The court found that the debatable issue of the nexus between borrowed funds and exempt income led to different outcomes in the two cases. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 09:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424560 In ITA No. 144/Hyd/2020, the appeal filed by the assessee was allowed, and the order of the ld.CIT(A) was set aside. In ITA No. 148/Hyd/2020, the appeal filed by the assessee was dismissed, and the order of the ld.CIT(A) was upheld. The court found that the debatable issue of the nexus between borrowed funds and exempt income led to different outcomes in the two cases. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424560