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Income Tax

Interest expenditure which is otherwise allowable deduction u/s...

Interest Deduction u/s 36(1)(iii) Valid Even if Paid via Share Capital, Not Cash, per Section 43B.

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Income TaxFebruary 7, 2015Case LawsAT

Interest expenditure which is otherwise allowable deduction u/s 36(1)(iii) but deffered as per the provisions of section 43B cannot be disallowed because of the reason that the payment is not in cash but by issuance of share capital. - AT

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