TMI BlogThe stand of the AO is that assessee should have used its own fund instead of interest bearing...The stand of the AO is that assessee should have used its own fund instead of interest bearing borrowings for running the business. - AO cannot force the assessee to earn interest income or save interest expenses for running the business. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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