Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1989 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (1) TMI 65 - HC - Income TaxExtract: .......enalty but has to be treated as part and parcel of the sales tax payable by the assessee. As sales tax is deductible under section 37 of the Act, interest paid on it under section 35A of the Sales Tax Act would also be deductible under section 37 of the Act. Accordingly, we answer the question in the affirmative, that is, in favour of the assessee.
|