Sec. 36(1)(iii) & 57(iii) of Income-tax Act, 1961— Business expenditure— Assessee has established nexus of interest paid with interest received i.e., utilisation of interest bearing borrowed funds into interest earning advances, therefore, there is no justification for disallowing interest expenditure so incurred and even if the interest received by the assessee is treated as taxable under the head "income from other sources", then still the deduction on account of interest paid by the assessee to the parties from whom the assessee taken loan and utilized to advance the money to persons from whom interest is received should be allowed to the assessee - ASSTT. CIT V/s CAREER POINT INFRA LTD. - [2020] 207 TTJ 001 (UO)(ITAT-JAIPUR)