Legal Expenses Deductible u/s 57(iii) for Recovering Fixed Deposit Interest, Court Confirms Direct Nexus with Income.

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....Claim of legal expenses u/s 57(iii) against interest income - expenditure for recovering FD and interest - direct nexus - the award of interest is only by the specific directions of the Hon’ble High Court of Madras - the expenditure incurred by the assessee was wholly an exclusively for the purpose of earning of the income to qualify deduction u/s 57(iii) - AT....