Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (7) TMI 104 - HC - Income TaxExtract: ....... payment of interest was in the shape of damages for late payment of unearned increase. That being so, the interest paid cannot be treated as expenditure incurred wholly and exclusively in connection with the transfer. The answer to the question is in the negative, in favour of the Revenue and against the assessee. The reference stands disposed of.
|