Case Law Details
Case Name : JPR Investments and Trading Private Limited Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
JPR Investments and Trading Private Limited Vs ACIT (ITAT Mumbai)
The case of JPR Investments and Trading Private Limited vs ACIT, adjudicated by the ITAT Mumbai, revolves around the treatment of interest costs incurred for investing in shares. The ITAT directed the re-calculation of Short Term Capital Gains (STCG) from shares, stating that interest expenses cannot be claimed as business expenditure when borrowed funds are utilized for share investments.
The appellant, JPR Investments, dec
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.