Netting off of the interest income against interest expenditure ...

Assessing Officer Allows Netting Off Interest Income Against Expenditure for Business Funds Management.

September 22, 2020

Case Laws Income Tax AT

Netting off of the interest income against interest expenditure - assessee has deposited the funds which were not immediately required for the assessee’s business and as and when required, they were immediately withdrawn and used for business purposes. - AO directed to allow the netting off of the interest income against interest expenditure - AT

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Netting off of the interest income against interest expenditure ...

Assessing Officer Allows Netting Off Interest Income Against Expenditure for Business Funds Management.

September 22, 2020

Case Laws Income Tax AT

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