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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Interest paid to HSIDC on installment of plot which was yet to ...


Interest on Unused HSIDC Plot Installment is Capital; No Deduction Allowed u/s 36 of Income Tax Act.

May 1, 2013

Case Laws     Income Tax     AT

Interest paid to HSIDC on installment of plot which was yet to be put to use - whether is of capital nature? - Held yes, deduction u/s 36 not allowed. - AT

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