Interest earned from the unutilized capital subsidy and equity - ...

October 28, 2020

Case Laws Income Tax AT

Interest earned from the unutilized capital subsidy and equity - Interest earned from the borrowed funds (short term temporary deposits) - interest from borrowed funds temporarily deposited in banks [STD] is inextricably linked to the setting up of the plant. Hence, the interest from the borrowed funds has been rightly capitalized and set off against the pre-operative expenses - AT

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Interest earned from the unutilized capital subsidy and equity - ...

October 28, 2020

Case Laws Income Tax AT

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