Deduction allowable u/s 36 (1)(iii) - assessee has not commenced ...

Interest Deduction Denied: No Business Activity u/s 36(1)(iii) of Income Tax Act.

December 21, 2017

Case Laws Income Tax AT

Deduction allowable u/s 36 (1)(iii) - assessee has not commenced any business activity and no deduction is allowable u/s 36 (1) (iii) in respect of interest expenditure because it is not in respect of any business activity, the fund raising charges also cannot be allowed for the same reason. - AT

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Deduction allowable u/s 36 (1)(iii) - assessee has not commenced ...

Interest Deduction Denied: No Business Activity u/s 36(1)(iii) of Income Tax Act.

December 21, 2017

Case Laws Income Tax AT

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