ITAT allowed Expenditure incurred towards earnings interest income exempt under Section 10 (15) of the Income Tax Act, 1961
The Income Tax Appellate Tribunal (ITAT) has provided relief to the Bank of Nova Scotia by permitting the expenditure incurred towards earning interest income exempt under Section 10(15) of the Income Tax Act, 1961 The fact in brief is that the return of income declaring a total loss of Rs. 944, 90,280/- was filed on…
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