Tribunal held that disallowance of interest is held to be justified till the asset is put to use. (AY.2016-17)
United Teleservices Ltd. v. ACIT (2021) 86 ITR 36 (SN) (Kol.)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital-Loan for purchase of Office-Interest not allowable for period till asset put to use.