Interest Disallowance u/s 36(1)(iii) Not Applicable When Funds Used Solely for Business; Proof Required Otherwise.

Interest Disallowance u/s 36(1)(iii) Not Applicable When Funds Used Solely for Business; Proof Required Otherwise. https://www.taxtmi.com/highlights?id=48469 Disallowance of interest u/s 36(1)(iii) - if the interest bearing funds have been utilized for the business purpose only as per the terms of the loan and nothing contra has been brought on record to prove the fact that the interest bearing funds shown above have been utilized for non business purpose by the Revenue - no disallowance en-us Wed, 07 Aug 2019 09:22:58 +0530 Wed, 07 Aug 2019 09:22:58 +0530 TaxTMI RSS Generator Interest Disallowance u/s 36(1)(iii) Not Applicable When Funds Used Solely for Business; Proof Required Otherwise. https://www.taxtmi.com/highlights?id=48469 Disallowance of interest u/s 36(1)(iii) - if the interest bearing funds have been utilized for the business purpose only as per the terms of the loan and nothing contra has been brought on record to prove the fact that the interest bearing funds shown above have been utilized for non business purpose by the Revenue - no disallowance Highlights Income Tax Wed, 07 Aug 2019 09:22:58 +0530 https://www.taxtmi.com/highlights?id=48469