Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1964 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1964 (8) TMI 88 - HC - Income TaxExtract: .......irmative and state that the Tribunal was justified in holding that the sum of ₹ 35,800 incurred by the assessee for the purposes of raising or securing overdraft facilities from bank was an expenditure of a capital nature not allowable under section 10(2)(xv). The assessee shall bear and pay the costs of this reference. S.P. Mitra J.-I agree.
|