Thursday, August 16, 2018

Benefit of netting of interest allowable prior to amendment to rule 8D w.e.f. 02-06-2016: ITAT

IT : Prior to 2-6-2016 benefit of netting of interest under rule 8D(2)(ii) could be allowed without even emphasising on need of having any inextricable link between interest earned and interest paid

from www.taxmann.com Latest Case Laws https://ift.tt/2nG2HsH
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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