Supreme Court Partially Allows Appeals in Income Tax Case Due to Interest on Borrowings for Capital Assets. Interest on Borrowings for Capital Assets Permitted as Deduction Under Section 36(1)(iii) of Income-tax Act, 1961....
The Supreme Court addressed appeals filed by the Deputy Commissioner of Income Tax against M/s. Core Health Care Ltd. concerning the disallowance of interest on borrowings for capital assets not put t...




