Interest Deduction Denied: Unused Properties Acquired with Borrowed Capital u/s 36(1)(iii) Not Eligible for Tax Relief.

Disallowance u/s 36(1)(iii) - interest paid in respect of capital borrowed for acquisition of asset - assessee has invested borrowed money along with his own funds in various office properties in order to extend its business but the same was never put to use during the year under assessment, no deduction is allowable .....

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