Net interest paid to be considered & not gross interest for the purpose of sec. 14A disallowance

INCOME TAX: Where in course of appellate proceedings, Tribunal held that disallowance under section 14A was to be made with reference to net interest paid on loan and not gross interest, since revenue authorities failed to controvert said finding recorded by Tribunal, same deserved to be upheld

from www.taxmann.com Latest Case Laws https://ift.tt/36ipdgu