Disallowance of interest expenses - Admittedly, the proviso to ...

Interest Expenses Disallowed u/s 36(1)(iii) for Asset Not Used in Assessment Year 2008-09.

February 6, 2020

Case Laws Income Tax AT

Disallowance of interest expenses - Admittedly, the proviso to section 36(1)(iii) of the Act is applicable during the relevant assessment year, namely 2008-09 and since the asset (land) has not been put to use by the assessee, the interest expenditure for acquiring the same cannot be allowed as a deduction

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Disallowance of interest expenses - Admittedly, the proviso to ...

Interest Expenses Disallowed u/s 36(1)(iii) for Asset Not Used in Assessment Year 2008-09.

February 6, 2020

Case Laws Income Tax AT

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