Case Law Details
Case Name : Yatish Trading Co.P Ltd. Vs ACIT (ITAT Mumbai), ITA No. 456 /Mum/2009
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Yatish Trading Co.P ltd. Vs ACIT (ITAT Mumbai), ITA No. 456 /Mum/2009, (Assessment Year: 2004 -05)
Summary of Findings:-
In the case of a trader where shares are held as stock-in-trade no part of interest on borrowed funds can be disallowed u/s 14A as incurred in relation to Dividend income. The interest on borrowed funds used for trading activity is an allowable expenditure under section 36(1)(iii) and the sa
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.