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

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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