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Delhi HC: No Disallowance Of Interest Expenditure…

Published on Wed, Sep 09,2015 | 08:58, Updated at Wed, Sep 09 at 08:58Source : Moneycontrol.com 

This EY Tax Alert summarizes a recent ruling of Delhi High Court (HC), in case of Cheminvest Ltd. (Taxpayer) v. CIT[1] on the issue whether expense disallowance for exempt income is warranted even if in a particular tax year, no exempt income is actually earned.

Attachments : Interest Expenditure - Cheminvest - Delhi HC.pdf
 
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