The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that expenses on account of interest payment on loans could not be added while computing book profit. On verification of the balance sheet, it was found that the assessee company has made an investment in shares and having some exempt income. The assessee has claimed expenditure on […]
The post Expenses on Account of Interest Payment on Loans could not be added while Computing Book Profit: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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