Income earned by way of Interest and claimed under “Income from Other Sources” shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]

Income earned by way of Interest - Income from Other Sources - ITAT - taxscan

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by way of interest and claimed under income from other sources shall be allowable expenditure under Section 57(iii) of the Income Tax Act, 1961. The assessee is an individual who derives income under the head income from house property and…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader