Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (7) TMI 36 - MADRAS HIGH COURTExtract: .......f the interest paid on the sum of Rs. 50,000 under s. 40(b) of the I.T. Act for both the assessment years 1971-72 and 1972-73 in the hands of the assessee-firm. The answer we return on the question of law referred to us must, therefore, be in the negative and against the department. In the circumstances, however, there will be no order as to costs.
|