Whether interest paid in respect of borrowings for acquisition ...

Supreme Court confirms interest on borrowings for unutilized capital assets is deductible u/s 36(1)(iii) Income Tax Act.

September 19, 2012

Case Laws Income Tax SC

Whether interest paid in respect of borrowings for acquisition of capital assets not put to use in the concerned financial year can be permitted as allowable deduction under section 36(1)(iii) - held yes - SC

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Whether interest paid in respect of borrowings for acquisition ...

Supreme Court confirms interest on borrowings for unutilized capital assets is deductible u/s 36(1)(iii) Income Tax Act.

September 19, 2012

Case Laws Income Tax SC

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