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1996 (4) TMI 6 - SC - Income Tax
Whether Tribunal was right in holding that the interest attributable to the loans borrowed by the assessee for the purpose of construction of theatre should be allowed under the head 'Business' when the theatre was sold & business of exhibition of cinematographic films stopped - Whether decision of Tribunal that the business carried on by the assessee as jewellers and in the running of the cinema theatre, restaurant, etc., are composite is based on valid materials