https://www.taxtmi.com/highlights?id=54011 Disallowance of interest u/s 36(1)(iii) - the assessee has successfully demonstrated that the investment in shares to subsidiary company was in furtherance of main objects of its business and, therefore, the assessee is very much entitled for claim of interest paid on borrowed capital. en-us Tue, 14 Jul 2020 11:49:43 +0530 Tue, 14 Jul 2020 11:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54011 Disallowance of interest u/s 36(1)(iii) - the assessee has successfully demonstrated that the investment in shares to subsidiary company was in furtherance of main objects of its business and, therefore, the assessee is very much entitled for claim of interest paid on borrowed capital. Highlights Income Tax Tue, 14 Jul 2020 11:49:43 +0530 https://www.taxtmi.com/highlights?id=54011