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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Allowability of deduction u/s 36 (1) (iii) - Interest liability ...


High Court Permits Deduction for Interest on State Government Loans u/s 36(1)(iii) of Income Tax Act.

November 13, 2013

Case Laws     Income Tax     HC

Allowability of deduction u/s 36 (1) (iii) - Interest liability on loans received from the State Government - assessee is maintaining the books of accounts on mercantile system of accounting - claim allowed - HC

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