Presumption of Interest-Free Usage When Interest-Free & Interest-Bearing Funds Are Mixed

CCIT(OSD)/PCIT Vs Bhupendra Champaklal Dalal (Bombay High Court)

The recent judgment by the Bombay High Court in the case of CCIT(OSD)/PCIT Vs Bhupendra Champaklal Dalal sheds light on the presumption of interest-free usage when interest-free and interest-bearing funds are mixed, especially in the context of business dealings and tax assessments.

Analysis: The case revolved around several issues including the disallowance of interest expenses for non-business purposes, add

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