Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1994 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1994 (7) TMI 124 - AT - Income TaxExtract: .......f the appellant company that the interest on borrowed funds for the period and to the extent they are utilised in making of short-term deposits (sic) is not a tenable proposition because, the borrowal was not for the purpose of investment on short term deposits but, for the purpose of construction and therefore is rejected. The appeal is dismissed.
|