Revision u/s 263 - deduction of interest expenditure against the ...

PCIT properly revises A.O's erroneous order allowing deduction of loan interest against FDR interest u/s 263.

January 25, 2021

Case Laws Income Tax AT

Revision u/s 263 - deduction of interest expenditure against the interest income - PCIT has rightly taken the view that the A.O had wrongly allowed the assessee’s claim for deduction of the interest paid on the loans against the interest received on the FDR’s- AT

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Revision u/s 263 - deduction of interest expenditure against the ...

PCIT properly revises A.O's erroneous order allowing deduction of loan interest against FDR interest u/s 263.

January 25, 2021

Case Laws Income Tax AT

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