Disallowance towards interest u/s.36(1)(iii) in the hands of ...

Case Laws Income Tax

August 6, 2021

Disallowance towards interest u/s.36(1)(iii) in the hands of partner - interest paid on borrowed funds - amount invested in partnership firm by the assessee partner is certainly for business purpose and hence, there cannot be any disallowance of interest u/s.36(1)(iii) of the Act. - AT

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Disallowance towards interest u/s.36(1)(iii) in the hands of ...

Case Laws Income Tax

August 6, 2021

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