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Sudhir S. Mehta v. Dy. CIT (2021) 85 ITR 8 (SN)(Mum) (Trib)

S .14A : Disallowance of expenditure – Exempt income – Interest – Interest paid on loans to be set off against interest income from term deposits [ R.8D ]

Tribunal  held that  Interest paid on loans to be set off  against interest income from term deposits   .(AY.2014-15)