Disallowance u/s.36(1)(iii) - borrowed amount was invested in ...

Case Laws Income Tax

July 2, 2019

Disallowance u/s.36(1)(iii) - borrowed amount was invested in shares of a associate company - all the details of investments and working of interest paid has been provided to the Department - asking evidences that income will be generate to the assessee at this stage is not the requirement of Section 36(1)(iii) fistly and secondly it is just asking for some hypothetical evidences - deduction allowable

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Disallowance u/s.36(1)(iii) - borrowed amount was invested in ...

Case Laws Income Tax

July 2, 2019

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