Supreme Court · 2008 INSC 161 · Decided 8 February 2008
C.L.T., Baroda v. Ishwar Bhuvan Hotels LTD., Baroda
- Court
- Supreme Court of India
- Citation
- 2008 INSC 161 · [2008] 2 S.C.R. 652
- Case number
- CIVIL APPEAL No. 2594/2006
- Decided
- 8 February 2008
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 36(1)(iii)
Headnote
-+ Income Tax Act, 1961 ..... s. 36 (1) (iii)- Borrowing on capital • assets not put to use in the concerned financial year- Interest c paid on - Whether can be permitted as allowable deduction under the provision - Held: Yes. Dy. Commnr. of Income Tax, Ahmedabad vs. Mis. Core Health Appeal Nos. 3952-55 of 2002 decided by Supreme Court on 8.2.2008- relied on. D CIVILAPPELLATE JURISDICTION : Civil Appeal No.2594 of 2006. A From the final Judgment and Order dated 19.10.2005 of . ;. the High Court of Gujarat atAhmedabad in Tax Appeal No. 529/ E 2003. P. Vishwanatha Shetty, T.
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