Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2010 (5) TMI 544 - ALLAHABAD HIGH COURT
Income from other sources – Deduction – Expenditure must be wholly and exclusively incurred to earn income – Intention to earn income must be established – Borrowed funds invested in financially fragile sister concerns – No intention to earn income but merely to assist concerns – deduction of interest paid on borrowings not allowable
