Section 36(1)(iii) of the Income Tax Act, 1961 — Business Expenditure — interest on borrowed Capital— Interest expenditure and finance expenses incurred on loans taken for investment in acquiring controlling interest in a foreign subsidiary which was in same line of business as that of assessee so as to expand business in foreign country, would be allowable Expenditure under section 36(1)(iii) — Principal Commissioner of income tax vs. Concentrix Services (I) (P) Ltd. [2019] 267 Taxman 625 (Bombay)