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![No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]")
No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]
The first bench of Punjab and Haryana High Court has upheld the ITAT order that, No Expense is Attributable to the Exempted Income as the revenue...