Is interest expenditure incurred on capital borrowed for acquiring a capital asset entitled for deduction?


Last updated: 22 May 2021

Court :
ITAT Hyderabad

Brief :
This assessee’s appeal for AY.2014-15 arises from the CIT(A)-6, Hyderabad’s order dated 31-01-2018 passed in case No.0285/2016-17/A3/CIT(A)-6, in proceedings u/s.143(3) of the Income Tax Act, 1961 [in short, ‘the Act’]. Heard both the parties. Case file perused.

Citation :
I.T.A. No.784/HYD/2018

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