Taxpayer's Interest Expense Disallowed u/s 57 for Lack of Connection with Interest Income Declared. Addition Confirmed.

Taxpayer's Interest Expense Disallowed u/s 57 for Lack of Connection with Interest Income Declared. Addition Confirmed. https://www.taxtmi.com/highlights?id=69560 Disallowance of interest expense u/s 57 - the assessee failed to prove the nexus between the interest income offered in the return of interest expense made. - Addition confirmed - AT en-us Wed, 03 May 2023 10:57:45 +0530 Wed, 03 May 2023 10:57:45 +0530 TaxTMI RSS Generator Taxpayer's Interest Expense Disallowed u/s 57 for Lack of Connection with Interest Income Declared. Addition Confirmed. https://www.taxtmi.com/highlights?id=69560 Disallowance of interest expense u/s 57 - the assessee failed to prove the nexus between the interest income offered in the return of interest expense made. - Addition confirmed - AT Highlights Income Tax Wed, 03 May 2023 10:57:45 +0530 https://www.taxtmi.com/highlights?id=69560