Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]
In a recent decision the Delhi High Court ruled that actual interest expenditure to be adjusted against income earned by way of interest under the Income Tax Act, 1961.
By Kalyani B. Nair - On January 4, 2024 9:31 am - 2 mins read
In a recent decision the Delhi High Court ruled that actual interest expenditure to be adjusted against income earned by way of interest under the Income Tax Act, 1961. The appeal concerns Assessment Year 2009-10. Via the instant appeal, the appellant/revenue seeks to assail the order dated 18.08.2021 passed by the Income Tax Appellate Tribunal…
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