Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1994 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1994 (10) TMI 36 - HC - Income TaxExtract: .......ruing on delayed payment of the kist is an expenditure incurred wholly and exclusively for the purpose of business and, therefore, liable to be deducted under section 37(1) of the Act. We, therefore, answer the question referred to us in the affirmative, that is, in favour of the assessee and against the Revenue. There will be no order as to costs.
|