2008 (2) TMI 4

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..... -2008
Civil Appeal No. 2594 of 2006 - -
Income Tax
Interest paid in respect of borrowings on capital assets not put to use in the concerned financial year can be permitted as allowable deduct .....

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..... ) of the Income-tax Act, 1961?" 2. Our answer to the above-mentioned question is squarely covered by our decision in favour of the assessee and against the Department in the case of Dy. Commr. of Inc .....

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