Section 145

Section 145

Calcutta H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the interest on loan to M/s Central Cotton Mills Ltd., was liable to be included in the assessment on the due basis and not on the basis of realisation and was, therefore, right in sustaining the addition of Rs. 55,000, being interest on the said loan calculated on the due basis.

High Court Of Calcutta Calcutta Investment Co. Ltd. vs. CIT Section 145 Asst. year 1974-75 Sabyasachi Mukharji & Suhas Chandra

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