Disallowance of interest paid - if the land is treated as ...

Interest on Loan for Land Purchase is Revenue Expenditure if Land is Stock-in-Trade and Loan is Genuine.

October 22, 2015

Case Laws Income Tax AT

Disallowance of interest paid - if the land is treated as stock-in-trade, the entire interest on the loan used to purchase the land to be treated as revenue expenditure if the loan is genuine. - AT

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Disallowance of interest paid - if the land is treated as ...

Interest on Loan for Land Purchase is Revenue Expenditure if Land is Stock-in-Trade and Loan is Genuine.

October 22, 2015

Case Laws Income Tax AT

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