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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Disallowance u/s 36(1)(iii) - interest paid in respect of ...

Case Laws     Income Tax

June 17, 2019

Disallowance u/s 36(1)(iii) - interest paid in respect of capital borrowed for acquisition of asset - assessee has invested borrowed money along with his own funds in various office properties in order to extend its business but the same was never put to use during the year under assessment, no deduction is allowable

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