https://www.taxtmi.com/caselaws?id=469045 Interest expenditure is deductible under section 57(iii) if it is laid out wholly and exclusively for earning income chargeable under the head "Income from other sources"; actual receipt of income is not a precondition. Applying the Supreme Court view followed by the jurisdictional High Court, the disallowance was held unjustified and the addition was deleted in favour of the assessee. en-us Tue, 09 Oct 2018 00:00:00 +0530 Mon, 01 Jun 2026 10:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469045 Interest expenditure is deductible under section 57(iii) if it is laid out wholly and exclusively for earning income chargeable under the head "Income from other sources"; actual receipt of income is not a precondition. Applying the Supreme Court view followed by the jurisdictional High Court, the disallowance was held unjustified and the addition was deleted in favour of the assessee. Case-Laws Income Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469045