https://www.taxtmi.com/caselaws?id=435959 The Appellate Tribunal upheld the decision of the Lower Authorities to disallow the interest expenses claimed by the Assessee, a Non-Resident Indian, under "Income from Other Sources." Despite the Assessee's argument that the loan was used for self-occupied property related to professional work, the Tribunal found the Assessee failed to establish the link between the claimed professional income and the loan expenses. The Tribunal dismissed the appeal, confirming the disallowance of interest expenses and the assessment order. en-us Wed, 22 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 08:49:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435959 The Appellate Tribunal upheld the decision of the Lower Authorities to disallow the interest expenses claimed by the Assessee, a Non-Resident Indian, under "Income from Other Sources." Despite the Assessee's argument that the loan was used for self-occupied property related to professional work, the Tribunal found the Assessee failed to establish the link between the claimed professional income and the loan expenses. The Tribunal dismissed the appeal, confirming the disallowance of interest expenses and the assessment order. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435959