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2018 (6) TMI 74 - HC - Income TaxPayment made to owners of the agricultural land from whom the land was purchased - Held that:- The explanation given by revenue u/s 37(1) is not well - thus this is to decide what constitutes infraction of other provisions of law - other submission is that the such amount has to be taken as falling within the mischief of the said provision, in our opinion, is an incorrect premise - hence no question of law arises. Admit following question of law :- “Did the ITAT fall into error in holding that the sum of ₹ 27,11,797/- on account of interest, could not be sustained in the circumstances of the case?”
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