Netting off of interest interest income - The source of interest ...

Court Allows Netting Off Interest for Assessee; Overdraft and FD Source Remains Unchanged.

October 17, 2018

Case Laws Income Tax AT

Netting off of interest interest income - The source of interest earning remained intact. In doing so, the assessee had to incur interest expenditure on overdraft. The source of income and application of income is same, i.e. FD. - netting off of interest has to be allowed to the assessee

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Netting off of interest interest income - The source of interest ...

Court Allows Netting Off Interest for Assessee; Overdraft and FD Source Remains Unchanged.

October 17, 2018

Case Laws Income Tax AT

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