Tribunal held that ; interest free fund was used for purchase of land and construction of godown hence interest paid on borrowed capital was held to be allowable . (AY. 2013-14)
DCIT v. Incite Homecare Products (P.) Ltd. (2018) 61 ITR 94 (Chd.) (Trib)
S. 36(1)(iii): Interest on borrowed capital —Interest free fund was used for purchase of land and construction of godown hence interest paid on borrowed capital was held to be allowable .