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Case Law Details

Case Name : Deena Asit Mehta Vs DCIT  (ITAT Mumbai)
Appeal Number : ITA no.4449/Mum./2018
Date of Judgement/Order : 22/07/2020
Related Assessment Year : 2014-15
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Deena Asit Mehta Vs DCIT  (ITAT Mumbai)

The issue under consideration is whether the netting off interest expenditure against interest income is allowed u/s 56 of Income Tax Act?

ITAT states that, though, similar disallowance

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