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2013 (12) TMI 611 - HC - Income TaxInterest on excess levy price - Held that:- Following Commissioner of Income Tax, Lucknow vs. Dhampur Sugar Mills etc. Dhampur [2004 (8) TMI 44 - ALLAHABAD High Court] - The interest payable for the assessment years in question accrued during the previous year relevant to the assessment in question as provided under the provisions of the Levy Sugar Price Equalization Fund Act, 1976 - There was statutory liability of payment of interest every year - Decided in favour of assessee. Liability towards the additional cane price - Held that:- Following Commissioner of Income Tax, Lucknow vs. M/s Dhampur Sugar Mills Ltd. Dhampur [2005 (4) TMI 548 - ALLAHABAD HIGH COURT] - No disallownace can be made on this ground - Decided in favour of assessee.
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