https://www.taxtmi.com/highlights?id=26084 Disallowance of payment u/s 43B - Explanation 3C only prohibits an assessee for recognizing the actual payment of interest by converting its interest into loan or borrowings. - if an assessee has interest liability, and he converts that interest liability in further loan, then that will not amount to payment of u/s 43B as per Explanation-3C - AT en-us Wed, 25 Nov 2015 11:00:25 +0530 Wed, 25 Nov 2015 11:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26084 Disallowance of payment u/s 43B - Explanation 3C only prohibits an assessee for recognizing the actual payment of interest by converting its interest into loan or borrowings. - if an assessee has interest liability, and he converts that interest liability in further loan, then that will not amount to payment of u/s 43B as per Explanation-3C - AT Highlights Income Tax Wed, 25 Nov 2015 11:00:25 +0530 https://www.taxtmi.com/highlights?id=26084