Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (3) TMI 17 - MADRAS HIGH COURTExtract: ....... 36 of 1983 (CIT v. Elgi Rubber Products Ltd. 1996 219 ITR 109) (judgment dated February 17, 1995), the difference in exchange value and the interest payable thereon cannot be deducted in computing the total income for the assessment year 1978-79. In that view of the matter, we answer the question in the negative and against the assessee. No costs.
|