Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1966 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1966 (3) TMI 14 - HC - Income TaxInterest - land was acquired for the assessee-company by the Govt. under the Land Acquisition Act, it can be safely presumed that the acquisition was for the purpose of the business of the company - payment of interest under consideration was in relation thereto - interest was not paid on any capital borrowed for the purposes of the business - not permissible deduction u/s 10(2)(iii).
|