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Case Law Details

Case Name : Ishwardas Satyanarayan Gupta Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 2058/MUM/2023
Date of Judgement/Order : 15/09/2023
Related Assessment Year : 2014-15
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Ishwardas Satyanarayan Gupta Vs ITO (ITAT Mumbai)

ITAT Mumbai held that the partner should be entitled to all the deductions which he was entitled while computing his share of profits in the firm. Thus, interest expenditure incurred by the assessee, as capital was introduced from borrowed funds, should be al

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