TAX UPDATES: Where assessee, engaged in business of land developers, borrowed certain amount from financial institutions for its business activity, interest paid on said loan had to be allowed as deduction under section 36(1)(iii)

Wednesday 19 August 2015

Where assessee, engaged in business of land developers, borrowed certain amount from financial institutions for its business activity, interest paid on said loan had to be allowed as deduction under section 36(1)(iii)

Modi Builders[2015] 60 taxmann.com 54 (Pune - Trib.) JUNE 26, 2015

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