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Income Tax - Highlights / Catch Notes

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Disallowance of interest expense u/s 57 - the assessee failed to ...


Taxpayer's Interest Expense Disallowed u/s 57 for Lack of Connection with Interest Income Declared. Addition Confirmed.

May 3, 2023

Case Laws     Income Tax     AT

Disallowance of interest expense u/s 57 - the assessee failed to prove the nexus between the interest income offered in the return of interest expense made. - Addition confirmed - AT

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