https://www.taxtmi.com/highlights?id=71891 Disallowance of interest expenses u/s 57 - nexus between the interest income from FDs and the interest paid by the assessee - In assessee's case the assessing officer has not considered the movement in the loan account details submitted by the assessee and also has not considered the fresh FDs and renewal of FDs before concluding that the entire claim is not allowable u/s 57. - Matter restored back - AT en-us Fri, 08 Sep 2023 09:02:19 +0530 Fri, 08 Sep 2023 09:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71891 Disallowance of interest expenses u/s 57 - nexus between the interest income from FDs and the interest paid by the assessee - In assessee's case the assessing officer has not considered the movement in the loan account details submitted by the assessee and also has not considered the fresh FDs and renewal of FDs before concluding that the entire claim is not allowable u/s 57. - Matter restored back - AT Highlights Income Tax Fri, 08 Sep 2023 09:02:19 +0530 https://www.taxtmi.com/highlights?id=71891