https://www.taxtmi.com/highlights?id=55315 Interest earned from the unutilized capital subsidy and equity - Interest earned from the borrowed funds (short term temporary deposits) - interest from borrowed funds temporarily deposited in banks [STD] is inextricably linked to the setting up of the plant. Hence, the interest from the borrowed funds has been rightly capitalized and set off against the pre-operative expenses - AT en-us Wed, 28 Oct 2020 10:04:22 +0530 Wed, 28 Oct 2020 10:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55315 Interest earned from the unutilized capital subsidy and equity - Interest earned from the borrowed funds (short term temporary deposits) - interest from borrowed funds temporarily deposited in banks [STD] is inextricably linked to the setting up of the plant. Hence, the interest from the borrowed funds has been rightly capitalized and set off against the pre-operative expenses - AT Highlights Income Tax Wed, 28 Oct 2020 10:04:22 +0530 https://www.taxtmi.com/highlights?id=55315