Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2006 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (10) TMI 177 - ITAT BOMBAY-KExtract: .......s. This fact requires verification and, therefore, the Assessing Officer is directed to verify this aspect. If he finds that borrowed funds had not been utilised by the assessee for investment in shares, then he shall exclude the same from the total expenses before allocating the expenses. 19. In the result, assessee s appeal stands partly allowed.
|