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Loan Processing fees Capitalize or not

This query is : Resolved 

30 October 2020 Rs.2,83,562 bank loan processing fees and RS.5,49,361 Bank CGTMSE Scheme fees paid in February,2020 for loan of purchase of plan and machinery but plant and machinery put to use in July,2020.
So whether Processing fees and cgtmse fees capitalized or not?

31 October 2020 Capitalize as it related to capital asset.

31 October 2020 Thank You..............


28 December 2020 https://cleartax.in/s/as-16-borrowing-costs



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