Calcutta H.C : Payment of interest on delayed delivery of plot was not in the nature of interest as defined in Section 2(28A) of the Income Tax Act, 1961 and therefore, the provision of Section 40(a)(ia) of the Income Tax Act, 1961 was not applicable
High Court Of Calcutta Pr.CIT vs. West Bengal Housing Infrastructure Development Corporation Limited Section 2(28A), 40(a)(ia), 194A Asst. Year 2005-2006 […]