Assessing Officer not justified in making Disallowance of Interest Expenditure as it was not subject matter of Limited Scrutiny: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the AO is not justified in making disallowance of interest expenditure as it was not subject matter of limited scrutiny. The AO in the instant case disallowed the deduction claimed by the assessee, Dharam Bhushan Jain under section 57 of the Income Tax Act, 1961 […]
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