TMI BlogAddition on account of business expenses - As in the present assessment year there is no interest income...Addition on account of business expenses - As in the present assessment year there is no interest income at all either under the heads, ‘Income from other sources’ or ‘business income.’ The claim of the assessee is that the lending business should be accepted on the basis of consistency. However, the same cannot be accepted as ld.CIT(A) has made a very specific observation on the basis of the financials. - Claim not allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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