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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Deduction U/S 57 - The claim of the assessee cannot be thrown ...

Income Tax

February 3, 2016

Deduction U/S 57 - The claim of the assessee cannot be thrown into the dustbin on the basis of conjectures and surmises that the agreement does not prove any nexus between the interest income earned form FDR and interest paid on OD account claimed u/s 57 of the Act without declaring the agreement as false and frivolous document. - AT

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