| Citation(s) |
|---|
| 1992 SLG 62 1992 SLD 62 1992 PTD 390 |
Supreme Court of India
Civil Appeals Nos.782 and 783 (NT) of 1976, decision dated: 14-09-1990
K.N. SINGH K, JAGANNATHA SHETTY AND KULDIP SINGH, JJ
Dr. V. Gauri Shankar, Senior Advocate (S. Rajappa and Ms. A. Subhashini, Advocates with him) for Appellant. Rani Chhabra, Advocate for
Respondent
Civil Appeals Nos.782 and 783 (NT) of 1976, decision dated: 14-09-1990
K.N. SINGH K, JAGANNATHA SHETTY AND KULDIP SINGH, JJ
Dr. V. Gauri Shankar, Senior Advocate (S. Rajappa and Ms. A. Subhashini, Advocates with him) for Appellant. Rani Chhabra, Advocate for
Respondent
COMMISSIONER OF IncomE tax
VS
LUXMI DEVI SUGAR MILLS P. LTD
Law: Income Tax Act, 1922
Section:
Income-tax----Business expenditure---Sugar mills---Cane cess and purchase tax---Interest paid on cess and tax---Allowable as business expenditure. The interest paid by the assessee sugar mills on cane cess and purchase tax payable under the Sugarcane Purchase Tax Act, 1961 (Indian) for delayed payment of the cess and tax was allowable as business expenditure. Mahalakshmi Sugiu, Mills Co. v. C.I.T. (1980)123 ITR 429 (SC) fol. ORDER The following question arises in the present appeals: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in disallowing the interest of Rs.46,510 and…
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492