Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi
charitable to donation has already been suo motu disallowed in the computation of income, the interest claimed on expenditure has no nexus with this exempted income and therefore it is allowable expense u/s 36(1)(iii) of the Act. Finally, assessee submitted that balance expenses of ₹3,63,114/- can be at the most subject to the provision