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1998 (2) TMI 61 - MADRAS HIGH COURT
Extract:
.......mpany for financing the construction undertaken by it at Bombay, cannot be said to be an amount which formed part of the capital borrowed for the purpose of the assessee s business. We, therefore, answer the question referred to us in the negative, in favour of the Revenue and against the assessee. The Revenue shall be entitled to costs of Rs. 750.