https://www.taxtmi.com/caselaws?id=431896 The appeal filed by the Assessee was partly allowed, with the Tribunal directing the Assessing Officer to quantify the proportionate expenditure incurred in mobilizing funds and pass appropriate orders. The Tribunal emphasized the importance of considering proportionate expenses while calculating taxable interest income from nationalized banks, following legal precedents and judgments. en-us Wed, 21 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431896 The appeal filed by the Assessee was partly allowed, with the Tribunal directing the Assessing Officer to quantify the proportionate expenditure incurred in mobilizing funds and pass appropriate orders. The Tribunal emphasized the importance of considering proportionate expenses while calculating taxable interest income from nationalized banks, following legal precedents and judgments. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431896