https://www.taxtmi.com/caselaws?id=424821 The Tribunal rectified errors in its initial order by acknowledging that borrowed funds were used for the CGDA scheme, not mutual funds. It clarified that interest paid on these funds could not be deducted from interest earned under section 57(iii) of the Income Tax Act. The appeals' outcome remained unchanged, with the judgment pronounced on May 13, 2022. en-us Fri, 13 May 2022 00:00:00 +0530 Fri, 08 Jul 2022 20:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424821 The Tribunal rectified errors in its initial order by acknowledging that borrowed funds were used for the CGDA scheme, not mutual funds. It clarified that interest paid on these funds could not be deducted from interest earned under section 57(iii) of the Income Tax Act. The appeals' outcome remained unchanged, with the judgment pronounced on May 13, 2022. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424821