Assessee claimed deduction of expenditure incurred in connection with interest received on investments made in co-operative banks. Tribunal remanded back to Assessing Officer for determining cost of funds for earning interest income. (AY. 2017 18, 2018-19)
Saptagiri Pattina Souharda Sahakari Sangha Niyamitha. v. ITO (2024) 207 ITD 41 (Bang) (Trib.)
S. 57 : Income from other sources-Deductions-Interest-Cost of funds on interest income-Matter remanded.[S. 56, 80P(2)(a)(i)]
Leave a Reply