Interest on borrowed capital : SLP dismissed against High Court ruling that where assessee borrowed capitals for investing in shares of his two companies, since purpose of investment was to earn income in form of dividend from two companies and same being not taxable, expenditure incurred on interest paid on such borrowed funds was hit by section 14A – Mahesh K. Mehta v. Deputy Commissioner Of Income Tax – [2024] 166 taxmann.com 176 (SC)
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