Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (7) TMI 36 - HC - Income TaxExtract: .......e, an allowable deduction under section 57(iii) of the Act. Our answer to the question referred by the Tribunal is, therefore, that interest payment of Rs. 93,837 was rightly held by the Tribunal to be not an allowable deduction under section 57(iii) of the Act. In the circumstances of the case, parties shall bear their own costs of this reference.
|