High Court Permits Deduction for Interest on State Government Loans u/s 36(1)(iii) of Income Tax Act.

High Court Permits Deduction for Interest on State Government Loans u/s 36(1)(iii) of Income Tax Act. https://www.taxtmi.com/highlights?id=15770 Allowability of deduction u/s 36 (1) (iii) - Interest liability on loans received from the State Government - assessee is maintaining the books of accounts on mercantile system of accounting - claim allowed - HC en-us Wed, 13 Nov 2013 14:11:13 +0530 Wed, 13 Nov 2013 14:11:13 +0530 TaxTMI RSS Generator High Court Permits Deduction for Interest on State Government Loans u/s 36(1)(iii) of Income Tax Act. https://www.taxtmi.com/highlights?id=15770 Allowability of deduction u/s 36 (1) (iii) - Interest liability on loans received from the State Government - assessee is maintaining the books of accounts on mercantile system of accounting - claim allowed - HC Highlights Income Tax Wed, 13 Nov 2013 14:11:13 +0530 https://www.taxtmi.com/highlights?id=15770