Disallowance of bank charges as expenses while calculating the ...

Income Tax

May 26, 2020

Disallowance of bank charges as expenses while calculating the interest income - The claim of the assessee has been allowed in succeeding years by the CIT(A) against which no appeal has been filed by the Revenue. We hold that the assessee has merit in her claim; the bank charges being related to the interest income are duly allowable as expenditure in the hands of the assessee.

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Disallowance of bank charges as expenses while calculating the ...

Income Tax

May 26, 2020

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