Amendment of section 36

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Full Text of the Document

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.... capital borrowed for acquisition of an asset for extension of existing business or profession (whether capitalised in the books of account or not) ; for any period beginning from the date on which the capital was borrowed for acquisition of the asset till the date on which such asset was first put to use, shall not be allowed as deduction."; (b) in clause (viia) , in sub-clause (a) , after the s....