Interest Earned on Deposits Can Offset Electricity Expenses Under Mutuality Principle.

Interest Earned on Deposits Can Offset Electricity Expenses Under Mutuality Principle. https://www.taxtmi.com/highlights?id=67415 Interest earned on deposit - principle of mutuality - The interest earned on such deposit has a clear and direct nexus to the expenditure incurred in the form of electricity consumption charges and therefore, the same is allowable for set off against the expenditure and the principle of mutuality does apply on the alleged sum of interest earned on deposit with CESC Ltd. - AT en-us Fri, 30 Dec 2022 14:29:52 +0530 Fri, 30 Dec 2022 14:29:52 +0530 TaxTMI RSS Generator Interest Earned on Deposits Can Offset Electricity Expenses Under Mutuality Principle. https://www.taxtmi.com/highlights?id=67415 Interest earned on deposit - principle of mutuality - The interest earned on such deposit has a clear and direct nexus to the expenditure incurred in the form of electricity consumption charges and therefore, the same is allowable for set off against the expenditure and the principle of mutuality does apply on the alleged sum of interest earned on deposit with CESC Ltd. - AT Highlights Income Tax Fri, 30 Dec 2022 14:29:52 +0530 https://www.taxtmi.com/highlights?id=67415