Disallowance u/s 36(1)(iii) - interest paid in respect of ...

Interest Deduction Denied: Unused Properties Acquired with Borrowed Capital u/s 36(1)(iii) Not Eligible for Tax Relief.

June 17, 2019

Case Laws Income Tax AT

Disallowance u/s 36(1)(iii) - interest paid in respect of capital borrowed for acquisition of asset - assessee has invested borrowed money along with his own funds in various office properties in order to extend its business but the same was never put to use during the year under assessment, no deduction is allowable

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Disallowance u/s 36(1)(iii) - interest paid in respect of ...

Interest Deduction Denied: Unused Properties Acquired with Borrowed Capital u/s 36(1)(iii) Not Eligible for Tax Relief.

June 17, 2019

Case Laws Income Tax AT

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