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No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free...
![Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]")
![Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]")
