Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1993 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (9) TMI 31 - HC - Income TaxExtract: ....... interest. Thus, on the facts and circumstances of the case, we find that the disallowance of 15 per cent. of the interest paid by the company was justifiable. Accordingly, we answer both the questions in the affirmative, i.e., in favour of the Revenue and against the assessee. The reference stands disposed of accordingly with no order as to costs.
|