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The Commissioner Of Income Tax, ... vs Mahalaxmi Sugar Mills, New Delhi on 25 October, 1971

8. The case of Commissioner of Income-tax v. Mahalaxmi Sugar Mills, [1972] 85 ITR 320 (Delhi) is a case directly dealing with the point arising in the instant case. There also the question arose as to whether interest paid under Section 3(3) of the Cess Act was allowable deduction. The Delhi High Court has held that the deduction was not permissible. With respect we are unable to agree with the learned judges of the Delhi High Court. The distinction between interest and penalty as has been pointed out by us was not brought to the notice of the learned judges of the Delhi High Court.
Delhi High Court Cites 19 - Cited by 18 - Full Document
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