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2016 (7) TMI 963 - HC - Income TaxDisallowance made u/s 36(1)(iii) out of preoperative expenses - Held that:- As decided in Commissioner of Incometax, Baroda v. Ishwar Bhuvan Hotels Ltd. [2008 (2) TMI 4 - SUPREME COURT OF INDIA] Interest paid in respect of borrowings on capital assets not put to use in the concerned financial year can be permitted as allowable deduction u/s 36(1)(iii) of the I.T. Act, 1961 - Decided in favour of assessee
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