https://www.taxtmi.com/caselaws?id=779158 ITAT CHANDIGARH - AT allowed the appeal, holding that the assessee had shown interest income net of interest expense and later supplied supporting documentation establishing payment and nexus between the interest income and interest expense. The Tribunal found the assessee had incurred the interest expenditure and directed deletion of the disallowance previously made for lack of documentation. The addition on account of interest was therefore reversed. en-us Mon, 20 Jan 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779158 ITAT CHANDIGARH - AT allowed the appeal, holding that the assessee had shown interest income net of interest expense and later supplied supporting documentation establishing payment and nexus between the interest income and interest expense. The Tribunal found the assessee had incurred the interest expenditure and directed deletion of the disallowance previously made for lack of documentation. The addition on account of interest was therefore reversed. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779158