2019 (7) TMI 884 - SCH - Income Tax

Claim of deduction as interest - amount credited to decommissioning Reserve fund - assessee collected decommissioning costs from its customers - Assessee had to account for 12% interest on such decommissioning charges collected by it - HELD THAT - SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition, condoned the delay, and left all questions of law open. Pending applications were also disposed of.