DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 7 PUNE, PUNE vs. KOLTE PATIL INTEGRATED TOWNSHIPS LIMITED, PUNE

In the result, both the appeals filed by the Revenue are dismissed

4 reads as under;\n\"that, while adjudicating the claim for deduction under section\n36(l)(iii) of the Act the nature of expense 0- whether the expenditure was on\ncapital account or revenue account was irrelevant as the section itself\nsays that interest paid by the assessee on the capital borrowed by the\nassessee was an item of deduction

CHITRA NARENDRA PARMAR ,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE , PUNE

In the result, all the appeals filed by the respective assessees are allowed