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Kheralu Taluka Primary Teachers Co. Op. ... vs Nfac, Delhi Present Jurisdiction -The ... on 25 August, 2025

8. We are of the considered view that the facts of the case before us are similar to above decision of jurisdictional Ahmedabad ITAT. We concur with the view taken in the aforesaid decision that the assessee should be allowed proportionate expenditure against interest income subject to the assessee establishing connection between incurring of such expenditure towards earning of interest income from nationalized banks, ITA No. 1235/Ahd/2025 Kheralu Taluka Primary Teachers Co. Op. Society Niyamit vs. ITO Asst. Year -2018-19
Income Tax Appellate Tribunal - Ahmedabad Cites 8 - Cited by 0 - Full Document
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