Interest on Borrowed Capital ::


Last updated: 07 September 2007

Court :
Tribunal

Brief :
Held that interest paid by the investment company on funds borrowed for purchase of shares, irrespective of the fact whether such shares were to be held as stock in trade or investment or for acquiring controlling interest in other companies, was deductible u/s 36(1)(iii).

Citation :
Srishti Securities (P). Ltd. Vs. Jt. CIT

You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
 
Join CCI Pro


Comments

CAclubindia's WhatsApp Groups Link


Other Latest Judgments

View More Judgments »



CCI Pro

Trending Online Classes

view all classess

Browse by Category