https://www.taxtmi.com/caselaws?id=791522 Interest routed through the assessee as a facilitator could not be taxed in his hands on the gross receipt, because the real income belonged to the lenders. However, where TDS was deducted in the assessee's name and credit was claimed by him, he had to prove with bank trail or other cogent evidence that the corresponding tax benefit was passed on to the actual lenders. In the absence of such proof, the TDS-related component remained taxable in his hands. Deduction under section 57 was not allowed to the extent claimed because the assessee failed to establish actual expenditure incurred wholly and exclusively for earning the relevant income. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791522 Interest routed through the assessee as a facilitator could not be taxed in his hands on the gross receipt, because the real income belonged to the lenders. However, where TDS was deducted in the assessee's name and credit was claimed by him, he had to prove with bank trail or other cogent evidence that the corresponding tax benefit was passed on to the actual lenders. In the absence of such proof, the TDS-related component remained taxable in his hands. Deduction under section 57 was not allowed to the extent claimed because the assessee failed to establish actual expenditure incurred wholly and exclusively for earning the relevant income. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791522