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<h1>Supreme Court Dismisses Special Leave Petition, Condoned Delay, and Disposed of Pending Application</h1> The Supreme Court dismissed the Special Leave Petition after condoning the delay and disposed of the pending application. - TMI Claim as interest expenditure as business expenditure - interest on funds borrowed to purchase land which is part of inventory of the assessee company is an allowable deduction u/s 36(1)(iii) - βput to useβ - Held that:- The Special Leave Petition is dismissed. Pending application stands disposed of. The Supreme Court dismissed the Special Leave Petition after condoning the delay. The pending application was disposed of. (Citation: 2018 (10) TMI 1229 - SC Order)