Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Disallowance of interest expense u/s 57 - the assessee failed to ...

Income Tax

May 3, 2023

Disallowance of interest expense u/s 57 - the assessee failed to prove the nexus between the interest income offered in the return of interest expense made. - Addition confirmed - AT

View Source

 


 

You may also like:

  1. Disallowance of interest expenditure u/s 57 - nexus between the interest income vis-ŕ-vis the interest expenditure - no nexus between the impugned income and interest...

  2. Disallowance of interest expenses u/s 57 - nexus between the interest income from FDs and the interest paid by the assessee - In assessee's case the assessing officer...

  3. Disallowance of interest expenses - as observed by AO that assessee-company had advanced interest free loan as advanced out of secured loan availed from the Bank of...

  4. Disallowance of interest expense paid u/s. 57 - nexus between the funds withdraw from the Partnership Firm and funds used for acquiring immovable property - if we apply...

  5. Claim of legal expenses u/s 57(iii) against interest income - expenditure for recovering FD and interest - direct nexus - the award of interest is only by the specific...

  6. Disallowance of Expenditure u/s 57 (iii) - Nexus of expenditure with Interest Income - Employee remuneration, salary, legal expenses, board meeting expenses, Director...

  7. Disallowance u/s 57(ii) - interest paid on overdrawn capital with partnership firm - deduction allowed from interest income - AT

  8. 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...

  9. Disallowance of interest expenses - direct nexus - If the amount so taken from the parties was not utilized for the purpose of making fixed deposit where from the...

  10. Disallowance of interest expense - interest expense not attributable to the business shown u/s 44AD - claiming separate deduction under section 57(iii) - As abundantly...

 

Quick Updates:Latest Updates