Home › Income-Tax Act › Kumaon Mandal Vikash Nigam Ltd. v. ACIT (2025) 212 ITD 217 (Dehradun) (Trib.)

Kumaon Mandal Vikash Nigam Ltd. v. ACIT (2025) 212 ITD 217 (Dehradun) (Trib.)

S.37(1): Business expenditure-Interest on loan taken from State Government-Allowable as deduction.

Held that  interest on loan taken from State Government is allowable as deduction.  (AY. 2016-17, 2017-18)

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