A.O.allows deduction of proportionate cost, administrative and other expenses, if A.O. proposes to assess interest income earned from bank deposits.
Last updated: 03 March 2021
Court :
ITAT Bangalore
Brief :
Both the appeals filed by the assessee are directed against the common order dated 12.06.2019 passed by Ld CIT(A), Mangaluru and they relate to the assessment year 2015-16 and 2016-17. Sincecertain common issues are urged in these two appeals, both the appeals were heard together and are being disposed of by this common order, for the sake of convenience.
Citation :
ITA 1289/BANG/2019
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
Guest
Published in Income Tax
Views : 181
downloaded 180 times
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
