Since the acquisition of land is of capital nature and ...

Interest on Borrowings for Land Acquisition Non-Deductible Due to Capital Nature Classification.

September 13, 2012

Case Laws Income Tax AT

Since the acquisition of land is of capital nature and therefore, interest paid for borrowings for the purpose of purchasing of such land is not allowable. - AT

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Since the acquisition of land is of capital nature and ...

Interest on Borrowings for Land Acquisition Non-Deductible Due to Capital Nature Classification.

September 13, 2012

Case Laws Income Tax AT

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