https://www.taxtmi.com/highlights?id=16343 Disallowance of interest expenses – if the second borrowing has really been used merely to repay the original loan and this fact is proved to the satisfaction of the ITO, the interest paid on the second loan would also be allowed as a deduction - AT en-us Fri, 13 Dec 2013 10:21:32 +0530 Fri, 13 Dec 2013 10:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=16343 Disallowance of interest expenses – if the second borrowing has really been used merely to repay the original loan and this fact is proved to the satisfaction of the ITO, the interest paid on the second loan would also be allowed as a deduction - AT Highlights Income Tax Fri, 13 Dec 2013 10:21:32 +0530 https://www.taxtmi.com/highlights?id=16343