TMI Blog2008 (2) TMI 4X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Revenue's appeal dismissed - Civil Appeal N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 61?" 2. Our answer to the above-mentioned question is squarely covered by our decision in favour of the assessee and against the Department in the case of Dy. Commr. of Income Tax, Ahmedabad ..... X X X X Extracts X X X X X X X X Extracts X X X X
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