Disallowance of bank charges as expenses while calculating the ...

Bank Charges Allowed as Expenses for Interest Income; Assessee's Claim Accepted, No Revenue Appeal Filed.

May 26, 2020

Case Laws Income Tax AT

Disallowance of bank charges as expenses while calculating the interest income - The claim of the assessee has been allowed in succeeding years by the CIT(A) against which no appeal has been filed by the Revenue. We hold that the assessee has merit in her claim; the bank charges being related to the interest income are duly allowable as expenditure in the hands of the assessee.

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Disallowance of bank charges as expenses while calculating the ...

Bank Charges Allowed as Expenses for Interest Income; Assessee's Claim Accepted, No Revenue Appeal Filed.

May 26, 2020

Case Laws Income Tax AT

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