Income from other sources - the assessee has shown bank interest ...

Income Tax

December 12, 2023

Income from other sources - the assessee has shown bank interest under the head income from other sources and net difference of interest income earned and interest income incurred is reduced from business income. Thus, find merit in the written submission that the CPC has not considered or unable to consider the allowability of interest income earned and interest incurred due to mechanical working. - AT

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Income from other sources - the assessee has shown bank interest ...

Income Tax

December 12, 2023

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