2008 (2) TMI 9

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Ltd. in Civil Appeal Nos.3952-55 of 2002, interest paid in respect of borrowings on capital assets not put to use in the concerned financial year can be permitted as allowable deduction u/s 36(1)(ii .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uction under Section 36(1)(iii) of the Income-tax Act, 1961?" 3. Our answer to the above-mentioned question is squarely covered by our decision in favour of the assessee and against the Departmen .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X