Interest paid on borrowings used to acquire inventory of land was allowable deduction

INCOME TAX: Interest paid on borrowed funds which were used for acquisition of land which was an inventory was allowable under section 36(1)(iii)INCOME TAX: Interest paid on borrowed funds which were used for acquisition of land which was an inventory was allowable under section 36(1)(iii)www.taxmann.com Latest Case LawsRead More

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