Allowability of interest expenses under “Income from Other ...

Interest Expenses Disallowed for SBI Loan Due to No Income Reported from Related Property; Assessee Lacked Evidence.

March 31, 2023

Case Laws Income Tax AT

Allowability of interest expenses under “Income from Other Sources” - interest paid to SBI loan - assessee has not shown any income from the said property - In the absence of evidence from the assessee, the disallowance made by the AO does not require any interference. - AT

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Allowability of interest expenses under “Income from Other ...

Interest Expenses Disallowed for SBI Loan Due to No Income Reported from Related Property; Assessee Lacked Evidence.

March 31, 2023

Case Laws Income Tax AT

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