No deduction of bank charges if assessee didn’t establish its nexus against earning interest from banks

INCOME TAX : Bank charges claimed by assessee were disallowed where assessee failed to establish that said charges were directly related to earning of interest income from banks

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000189430/no-deduction-of-bank-charges-if-assessee-didn’t-establish-its-nexus-against-earning-interest-from-banks.aspx