Disallowance of interest - loan was used for the purpose of ...

Interest Deduction on Horse-Trading Loan Allowed After Initial Rejection by Tax Commissioner Due to Lack of Profit.

August 29, 2020

Case Laws Income Tax AT

Disallowance of interest - loan was used for the purpose of horse-trading and horse racing business - the finding of the CIT(A) rejecting the claim of the assessee on the basis of non-receipt of profit is not liable to be sustainable - claim of deduction allowed - AT

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Disallowance of interest - loan was used for the purpose of ...

Interest Deduction on Horse-Trading Loan Allowed After Initial Rejection by Tax Commissioner Due to Lack of Profit.

August 29, 2020

Case Laws Income Tax AT

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