Dismissing the appeal of the revenue the Tribunal held that . when the assesee is having , Having its own capital at end of financial year relevant assessment year for advancing money for not charging interest , interest payment cannot be disallowed . ( AY. 2010-11)
DCIT v. Narayani Ispat Pvt. Ltd. (2018) 61 ITR 371 (Kolk) (Trib)
S. 36(1)(iii) :Interest on borrowed capital -Having its own capital at end of financial year relevant assessment year for advancing money for not charging interest , interest payment cannot be disallowed .