Interest Set-Off Disallowed: No Nexus Found Between Income and Expenses u/s 70(1) of Income Tax Act.

Disallowance of the interest claimed by way of set of - income from other sources - establishment of nexus - interest income with interest expenses - to claim of set off u/s 70(1) against interest income, there has to be a loss under the head income from other sources or any other head of income except capital gain which is not the case of the assessee - AT .....

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