https://www.taxtmi.com/caselaws?id=774054 A claim for interest expenditure under section 57(iii) is governed by whether the expense was laid out wholly and exclusively to earn income; actual receipt of income is not the decisive test, so a mere restriction to the amount of interest income was held unsustainable. Claims for housing loan interest on self-occupied property, agricultural income, and Chapter VI-A deduction were not rejected outright for want of evidence; instead, the assessee was given a final opportunity to produce supporting documents, and those matters were remitted for fresh verification and adjudication. en-us Fri, 27 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 12:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774054 A claim for interest expenditure under section 57(iii) is governed by whether the expense was laid out wholly and exclusively to earn income; actual receipt of income is not the decisive test, so a mere restriction to the amount of interest income was held unsustainable. Claims for housing loan interest on self-occupied property, agricultural income, and Chapter VI-A deduction were not rejected outright for want of evidence; instead, the assessee was given a final opportunity to produce supporting documents, and those matters were remitted for fresh verification and adjudication. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774054