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1998 (4) TMI 89 - HC - Income Tax
Extract:
.......same as capital in its business, to contend that the interest paid for the period of delay in payment of tax amounted to a business expenditure. The question referred to us, therefore, is required to be and is answered in the negative, in favour of the Revenue and against the assessee. The Revenue shall be entitled to costs in the sum of Rs. 1,000.