TMI BlogCIT(A) was fully justified in allowing the claim of the assessee on interest paid on capital borrowed...CIT(A) was fully justified in allowing the claim of the assessee on interest paid on capital borrowed for the purpose of new glass factory set up by the assessee at Jambusar in Gujarat which was nothing but expansion of the assessee’s existing business - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|