Lakewood Construction Co. Pvt. Ltd.
of business and in its interest. The caveat in the foregoing proposition, however, is
extremely important, and it is this
4893/MUM/2019
M/s. Bharat Petroleum Corporation Ltd.,
interest would be unworkable. Claim of interest for the past period
cannot be accepted for want ... judgment.
[ii] The petitioner cannot claim any further interest or
compensation over and above the statutory interest prescribed.
However, looking to long delay which
liable to pay interest on the balance outstanding
amount. This does not amount to payment of interest on interest".
11. We heard the parties ... High Court has imposed caveat explaining the
circumstances under which the additional interest can be granted u/s. 244A
interest is received from the Revenue. This is
as nobody can be said to have borrowed funds at a rate (of interest) to earn interest ... deductibility. The deduction for interest paid would thus be
limited to the quantum of interest received on the like (principal) amount for the same
period
liable to pay interest on the
balance outstanding amount. This does not amount to payment of interest on
interest".
11. We heard the parties ... High Court has imposed caveat
explaining the circumstances under which the additional interest can be
granted u/s. 244A
liable to pay interest on the balance outstanding amount. This
does not amount to payment of interest on interest".
11. We heard the parties ... High
Court has imposed caveat explaining the circumstances under which the
additional interest can be granted u/s. 244A
liable to pay interest on the balance outstanding amount. This
does not amount to payment of interest on interest".
11. We heard the parties ... High
Court has imposed caveat explaining the circumstances under which the
additional interest can be granted u/s. 244A
liable to pay interest on the balance outstanding amount. This
does not amount to payment of interest on interest".
11. We heard the parties ... High
Court has imposed caveat explaining the circumstances under which the
additional interest can be granted u/s. 244A
liable to pay interest on the balance outstanding amount. This
does not amount to payment of interest on interest".
11. We heard the parties ... High
Court has imposed caveat explaining the circumstances under which the
additional interest can be granted u/s. 244A
liable to pay interest on the balance outstanding amount. This
does not amount to payment of interest on interest".
11. We heard the parties ... High
Court has imposed caveat explaining the circumstances under which the
additional interest can be granted u/s. 244A