https://www.taxtmi.com/highlights?id=71975 Disallowance of proportionate interest u/s. 36(1)((iii) - loan taken for construction of building for the year under consideration on which the assets were not put to use in terms of proviso to section 36(1)(iii) - Assessee has treated it as revenue expenditure in the impugned AY which is not correct as per section 36(1)(iii) & the proviso is very clear. - Since the interest expenditure should be capitalised disallowance confirmed- AT en-us Wed, 13 Sep 2023 13:38:41 +0530 Wed, 13 Sep 2023 13:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71975 Disallowance of proportionate interest u/s. 36(1)((iii) - loan taken for construction of building for the year under consideration on which the assets were not put to use in terms of proviso to section 36(1)(iii) - Assessee has treated it as revenue expenditure in the impugned AY which is not correct as per section 36(1)(iii) & the proviso is very clear. - Since the interest expenditure should be capitalised disallowance confirmed- AT Highlights Income Tax Wed, 13 Sep 2023 13:38:41 +0530 https://www.taxtmi.com/highlights?id=71975