Interest income paid on Interest Bearing Maintenance Security by RWA allowable
May 26, 2019
Income Tax, ITAT
Interest Income paid on Interest Bearing Maintenance Security by Resident Welfare Association held to be allowable expenditure u/s 57(iii) ABCAUS Case Law Citation: ABCAUS 2964 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Belaire Condominium Association vs. ITO Bangalore Club vs. CIT 350 ITR 509. …