The stand of the AO is that assessee should have used its own ...

Taxpayer Not Obliged to Use Own Funds Over Borrowings; AO Can't Force Interest Income Generation or Expense Reduction.

August 12, 2013

Case Laws Income Tax AT

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

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The stand of the AO is that assessee should have used its own ...

Taxpayer Not Obliged to Use Own Funds Over Borrowings; AO Can't Force Interest Income Generation or Expense Reduction.

August 12, 2013

Case Laws Income Tax AT

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