Case Law Details
Case Name : Biren Suresh Karani Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 1578/Mum/2023
Date of Judgement/Order : 30/08/2023
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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Biren Suresh Karani Vs ITO (ITAT Mumbai)
ITAT Mumbai held that disallowance of interest on unsecured loans unjustified as genuineness of loans and utilization of loan funds for business purpose not disputed and interest paid on open in balances of unsecured loan creditors.
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