| Citation(s) |
|---|
| 1947 SLG 6017 1947 SLD 6017 = 1947 PLD 157 |
Privy Council
Privy Council Appeal No. 69 of 1945, decided on 22nd April 1947, from Calcutta.
Present: Lord Thankerton, Lord Uthwatt, Sir Madhavan Nair and Sir John Beaumont
J Millard Tucker and J. Megaw, for Appellants Solicitor : Solicitor, India Office. W. W. K. Page and T. B. W. Ramsay, for
Respondent. Solicitors : Giles and Hunter.
Privy Council Appeal No. 69 of 1945, decided on 22nd April 1947, from Calcutta.
Present: Lord Thankerton, Lord Uthwatt, Sir Madhavan Nair and Sir John Beaumont
J Millard Tucker and J. Megaw, for Appellants Solicitor : Solicitor, India Office. W. W. K. Page and T. B. W. Ramsay, for
Respondent. Solicitors : Giles and Hunter.
COMMISSIONER OF INCOME-TAX, BENGAL -Appellant
VERSUS
CHOWRINGHEE PROPERTIES, LTD.-Respondent
Law: Income-tax Act (XI of 1922)
Section: 9 (1)
P L D 1947 Privy Council 157
Income-tax Act (XI of 1922), S. 9 (1) (iv)-Assessee company deposited with Bank certain of its bearer debentures as security for moneys owing by company to Bank oil overdraft-Interest on debentures was not deductible as interest on mortgage.