Assessee entitled for claim of Interest paid on Borrowed Capital: ITAT deletes Addition

The Income Tax Appellate Tribunal (ITAT), Delhi Bench while deleting the addition made by AO ruled that the assessee is entitled for claim of interest paid on borrowed capital. The assessee, M/s ACB (India) Power Ltd. company is engaged in the business of production, generation, storage, transmission, distribution and supply of electricity and power and […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2HGWnP6