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![Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Interest-Deductible-Taxscan.jpg "Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]")
Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]
The division bench of the Bombay High Court, in CIT v. American Express Bank, held that the amount of interest paid to the seller of the securities...