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Income Tax - Highlights / Catch Notes

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

Income Tax

June 17, 2019

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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