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Interest paid on a borrowed capital for acquiring land - expenditure before Commencement of busniss - The process of conversion of the land and then getting the approval of the site plan establishes that the assessee has already set up its business - claim of expenditure allowed.

Income Tax - Interest paid on a borrowed capital for acquiring land - expenditure before Commencement of busniss - The process of conversion of the land and then getting the approval of the site plan establishes that the assessee has already set up its business - claim of expenditure allowed. - TMI Updates - Highlights ..... .....

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