interest earned on untilised borrowed capital

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..... pl give me any suprme court judgment where assess was allowed to off set interest earned from borrowed capital and interets paid on term and cc loan as preoperative expenses . i have seen tuticor .....

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..... n alkali case 1997 suprmecourt where tax have been levied on interets earned and interest paid was capitalised . pl help me to find case in assesse favour - Reply By Deepak Nagori - The Reply = Dea .....

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..... r Anil, Tuticorin Alkali case was applicable because the assessee earned interest on surplus funds . In your case, if you establish a clear nexus between the interest earned and interest spent, t .....

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..... hen you can claim the deduction u/s 57 , which allows all expenses incurred to earn the corresponding income. Regards CA Deepak Nagori - interest earned on untilised borrowed capital - Query S .....

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..... tarted By: - ANIL JHUNJHUNWALA Dated:- 21-11-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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