SC: Minority Status of AMU Not Lost Merely Because of its Incorporation by Statute  ||  Ker. HC: Media Expressing Definitive Opinion Regarding Guilt/Innocence of Party Not Protected u/a 19  ||  Madras HC: No Law Which Fixes Number of Persons Who Can Appear for/Accompany a Party to Court  ||  Bench Strength of J&K and Ladakh High Court Increased from 17 to 25  ||  HP HC: No Application of Section 29A of A&C Act on Proceedings Commencing before 2015 Amendment Act  ||  HP HC: Parties Must Object to Tribunal’s Jurisdi. u/s 16 of A&C Act Before/During Defence Statement  ||  SC: Officers of DRI are ‘Proper Officers’ for Purpose of Section 28 of Customs Act  ||  Supreme Court: NCRB Authorised to Collect Data of Prisoners  ||  Supreme Court Amends Supreme Court Rules, 2013  ||  SC: Candidate in Select List Doesn’t Have Indefeasible Right to Be Appointed    

ITAT: Interest-bearing Unsecured Loans Are Allowable As Income Tax Deduction U/S 57(iii) - (31 May 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal, Raipur observed that interest-bearing unsecured loans are allowable as deduction under Section 57(iii) of Income Tax Act, 1961.

Tags : INCOME TAX APPELLATE TRIBUNAL   UNSECURED LOANS   DEDUCTION  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved