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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

The interest on funds borrowed to purchase land which is part of ...


High Court Rules Interest on Land Purchase Loans Deductible Under Income Tax Act Section 36(1)(iii.

November 7, 2017

Case Laws     Income Tax     HC

The interest on funds borrowed to purchase land which is part of inventory of the assessee company is an allowable deduction u/s 36(1)(iii) - HC

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