Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (8) TMI 52 - HC - Income TaxAssessee, a banking company, borrowed funds partly in treasury deposit certificates and partly in post office national savings certificates – assessee received interest on those securities - admittedly, interest on treasury deposit certificates is exempt from income-tax - whether the amount spent on acquiring tax-free securities can be apportioned and interest disallowed
|