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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Disallowance of interest expenditure u/s 57 - nexus between the ...


Interest Expense Disallowed u/s 57: No Direct Link Between Interest Income and Expenditure Confirmed Additions.

February 4, 2016

Case Laws     Income Tax     AT

Disallowance of interest expenditure u/s 57 - nexus between the interest income vis-à-vis the interest expenditure - no nexus between the impugned income and interest is forthcoming - Additions confirmed - AT

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