Held that interest paid on capital borrowed for acquisition of flats which were used for professional purpose and were put to use, allowable as deduction. (AY. 2013-14)
ACIT v. Farah Khan (Ms.) (2021) 191 ITD 633 (Mum.)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital-Professional choreographer-Office-cum residence-Flats used office-cum residence-Interest paid on acquisition of flats allowable as deduction.