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1973 (2) TMI 34 - KERALA HIGH COURTAssessee then claimed that a sum of Rs. 33,747.09 was payable towards interest on a loan of Rs. 4 lakhs taken by them from M/s. Associated Planters Ltd. - Whether this sum of Rs. 33,747.09 credited towards interest in the relevant previous year could be assessed in the year 1964-65 - Whether the interest given up by the creditor which was already allowed as deduction can be treated as assessee's income and whether it depends on the method of accounting followed by the assessee - Whether, on the facts and circumstances of the case, the Tribunal was justified in holding that the amount of Rs. 33,747.09 is not agricultural income for the assessment year 1964-65
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