https://www.taxtmi.com/caselaws?id=468566 Deduction claimed under section 57 against interest income was not finally disallowed because the record did not clearly establish the flow of funds, the basis for TDS credit in the assessee's name, or the nexus between the credited income and the alleged interest payments to lenders. The factual position was found inadequately examined by the lower authorities, and the assessee was required to substantiate how the income and payment mechanism operated. The matter was therefore set aside to the Assessing Officer for fresh examination of the claim. en-us Fri, 28 Sep 2018 00:00:00 +0530 Wed, 13 May 2026 15:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468566 Deduction claimed under section 57 against interest income was not finally disallowed because the record did not clearly establish the flow of funds, the basis for TDS credit in the assessee's name, or the nexus between the credited income and the alleged interest payments to lenders. The factual position was found inadequately examined by the lower authorities, and the assessee was required to substantiate how the income and payment mechanism operated. The matter was therefore set aside to the Assessing Officer for fresh examination of the claim. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468566