Disallowance of interest on advances given for capital assets - ...
Interest Expenses for Capital Asset Advances Post-April 2004 Non-Deductible for Income Tax, Per Case Law Updates.
August 10, 2013
Case Laws Income Tax AT
Disallowance of interest on advances given for capital assets - after 1.4.2004 if the interest expenditure has been incurred for the purpose of acquisition of capital asset then the same is not allowable - AT
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