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Case Law Details

Case Name : Sunil Bardia Vs ITO (ITAT Raipur)
Related Assessment Year : 2017-18
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Sunil Bardia Vs ITO (ITAT Raipur)

ITAT Raipur held that interest income earned is not equal to the percentage of interest expenditure incurred cannot be reason for disqualifying expenditure within the provision of section 57(iii) of the Income Tax Act.

Facts- The assessee, is an individual, derives income under the head income from house property and profit and gains of business income from other sources and had filed a return of income for A.Y. 2017-18 declaring total inc

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