2012 (2) TMI 353

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..... aid out and expended wholly and exclusively for the purpose of making or earning the interest income. Following the aforesaid decision and the reasoning therein – Decided against the Revenue. - ITA 113/2012 - - - Dated:- 21-2-2012 - MR. JUSTICE SANJIV KHANNA, MR. JUSTICE R.V.EASWAR, JJ. For Appellant: : Ms. Anshul Sharma, Adv. For Respondent: Mr. S. Krishnan, Adv. SANJIV KHANNA .....

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..... assessee had also paid interest on the loan of Rs.1,85,62,489/-, the same was reduced while calculating the taxable income under the head income from other sources . 4. There is no dispute that the money obtained on loan and was converted and made into FDRs. The assessee had followed the same practice or method of account/treatment for the assessment year 2005-06 and 2006-07. The Assessing Of .....

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