Interest expenditure which is otherwise allowable deduction u/s ...

Interest Deduction u/s 36(1)(iii) Valid Even if Paid via Share Capital, Not Cash, per Section 43B.

February 7, 2015

Case Laws Income Tax AT

Interest expenditure which is otherwise allowable deduction u/s 36(1)(iii) but deffered as per the provisions of section 43B cannot be disallowed because of the reason that the payment is not in cash but by issuance of share capital. - AT

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Interest expenditure which is otherwise allowable deduction u/s ...

Interest Deduction u/s 36(1)(iii) Valid Even if Paid via Share Capital, Not Cash, per Section 43B.

February 7, 2015

Case Laws Income Tax AT

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