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Patidar Builder (P.) Ltd. v. Assessing Officer (2025) 214 ITD 77 (Indore) (Trib.)

S. 36(1)(iii): Interest on borrowed capital-sufficient non-interest-bearing funds–car loan–disallowance of interest is not justified.

Held that the assessee had used borrowed funds for giving interest-free loans and advances. Disallowance of interest was deleted.(AY. 2011-12)

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