Case Law Details
Case Name : Mukesh Kanyailal Shah Vs Office of the Principal Commissioner of Income Tax PCIT (ITAT Mumbai)
Appeal Number : ITA No. 1709/Mum/2022
Date of Judgement/Order : 31/.3/2023
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Mumbai
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Mukesh Kanyailal Shah Vs Office of the Principal Commissioner of Income Tax PCIT (ITAT Mumbai)
ITAT Mumbai held that there is a direct nexus between interest received on loan given to firm and interest payment on loan taken from the bank and hence netting of the net interest inco
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