Court Upholds Disallowance of Expenses u/s 57(iii) for Lack of Direct Link to Fixed Deposit Interest Income.

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....Disallowance of Expenditure u/s 57 (iii) - Nexus of expenditure with Interest Income - Employee remuneration, salary, legal expenses, board meeting expenses, Director sitting fees cannot be attributable to the interest earned from the fixed deposits. - Additions confirmed - AT....