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![Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Finance-cost-Deduction-Income-Tax-Act-ITAT-income-tax-news-tax-news-taxscan.jpg "Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]")
Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the finance cost should be allowed as a deduction under section 36(1)(iii) of...
![ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Interest-Expenses-Loans-subsidiary-companies-Commercial-Expediency-taxscan.jpg "ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]")
![Interest Expenditure on Borrowed Funds is not allowable since Assessee deposited the same in Banks as FDs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenditure on Borrowed Funds is not allowable since Assessee deposited the same in Banks as FDs: ITAT [Read Order]")