https://www.taxtmi.com/caselaws?id=11945 The judgment concluded that the Tribunal's order was perverse, and the interest on borrowed capital is deductible under section 36(1)(iii) of the Income-tax Act, 1961. The appeal was allowed, and the Tribunal's order was set aside in favor of the assessee. en-us Wed, 15 Jan 2003 00:00:00 +0530 Fri, 24 Feb 2017 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11945 The judgment concluded that the Tribunal's order was perverse, and the interest on borrowed capital is deductible under section 36(1)(iii) of the Income-tax Act, 1961. The appeal was allowed, and the Tribunal's order was set aside in favor of the assessee. Case-Laws Income Tax Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11945