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1987 (4) TMI 7 - SC - Income Tax
Assessee, fraction owner of an asset - Whether depreciation is allowable on the 1/6th share in S. B. Sugar Mills, Bijnore, which the assessee had acquired from Seth Shiv Prasad - admissibility of a claim of expenditure being payment of interest on a loan taken for purchase of shares - assessee is not entitled to set off his business loss and against the lease money received