Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]

Delhi HC - Income Tax Act - Disallowance - Availability - taxscan

The Delhi High Court upheld the deletion of disallowance under the Income Tax Act, 1961 as the availability of interest-free funds more than investments. The Court further observed that if the assessee claims a certain amount of expenditure was incurred by him to earn the income which does not form part of the total income,…

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