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2005 (9) TMI 42 - HC - Income TaxSection 37 - "Whether Tribunal was justified in law in holding that the liability to claim deduction of Rs. 21,67,041 had not arisen and the assessee was not entitled to claim the same as such either in the assessment year 1981-82 or the assessment year 1982-83 based on final judgments of the Gujarat High Court and the Supreme Court of India and discharging of the said liability by payment?" – Held, yes - Tribunal was right in law in directing the Assessing Officer to allow deduction towards guest-house expenses - is right in law and on facts in directing the Assessing Officer to allow the provision of interest made by the assessee as deduction - Tribunal is right in law and on facts in directing the Income-tax Officer to allow deduction towards guesthouse expenses
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