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![Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]")
Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]
In the Commissioner of Income Tax vs. M/s. Shree Rama Multi-Tech Ltd. the Supreme Court held that the interest income earned out of the share...