Interest Deduction Dispute: Section 36(1)(iii) on Borrowed Funds for Office Purchase Backed by Documents and Tax Deductions.

Interest Deduction Dispute: Section 36(1)(iii) on Borrowed Funds for Office Purchase Backed by Documents and Tax Deductions. https://www.taxtmi.com/highlights?id=60073 Disallowance of interest u/s 36(1)(iii) incurred on money borrowed & invested for purchase of office premises - the interest has been rightly claimed as business expenditure as it has been paid on the loan taken to purchase property for business purposes and interest expenditure has been claimed after deducting tax at source and all documentary evidence placed before us asserts this fact. - AT en-us Tue, 12 Oct 2021 14:47:29 +0530 Tue, 12 Oct 2021 14:47:29 +0530 TaxTMI RSS Generator Interest Deduction Dispute: Section 36(1)(iii) on Borrowed Funds for Office Purchase Backed by Documents and Tax Deductions. https://www.taxtmi.com/highlights?id=60073 Disallowance of interest u/s 36(1)(iii) incurred on money borrowed & invested for purchase of office premises - the interest has been rightly claimed as business expenditure as it has been paid on the loan taken to purchase property for business purposes and interest expenditure has been claimed after deducting tax at source and all documentary evidence placed before us asserts this fact. - AT Highlights Income Tax Tue, 12 Oct 2021 14:47:29 +0530 https://www.taxtmi.com/highlights?id=60073