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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Capitalization of interest u/s.36(1)(iii) - Unlike, section 37 ...

Case Laws     Income Tax

April 8, 2019

Capitalization of interest u/s.36(1)(iii) - Unlike, section 37 which expressly excludes an expense of a capital nature, section 36(1)(iii) emphasizes is the user of the capital and not the user of the asset which case into existence as a result of borrowed capital

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