Allowability of interest expense - In absence of establishing ...

Interest Expenses Disallowed: Investments from Mixed Funds Lack Clear Borrowing Connection in Income Tax Cases.

October 6, 2017

Case Laws Income Tax AT

Allowability of interest expense - In absence of establishing the necessary nexus being between the borrowings and the investments in the mutual funds, it can safely be concluded that the investments in the mutual fund units have been made out of mixed funds.

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Allowability of interest expense - In absence of establishing ...

Interest Expenses Disallowed: Investments from Mixed Funds Lack Clear Borrowing Connection in Income Tax Cases.

October 6, 2017

Case Laws Income Tax AT

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