Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

Interest couldn't be disallowed on mere presumption that assessee would earn tax-free dividend in future

December 12, 2018[2019] 101 88 (Calcutta)/[2019] 261 Taxman 226 (Calcutta)

IT: Where Tribunal rejected assessee's claim for deduction of interest on loan taken for acquiring control over two companies on ground that it would result in earning exempt dividend income, impugned order passed by Tribunal based on imaginary income and expenditure of subsequent year, was not sustainable

read more
Best view in 1140 x 768