The Gujarat High Court has held that the interest paid in respect of borrowings for the acquisition of capital assets is an allowable deduction under S.36(1)(iii) of the Income Tax Act. The assessee-company is engaged in providing outsourcing services for finance, accounts, human resources and supply chain management and data centre to Vodafone India Limited […]
The post Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/390JsAt
No comments:
Post a Comment