Case Law Details
Case Name : Commissioner of Income Tax-I, Ludhiana Vs M/s Vardhman Polytex Limited (Punjab & Haryana High Court at Chandigarh)
Appeal Number : Income Tax Appeal No.1 of 2003
Date of Judgement/Order : 21/01/2008
Related Assessment Year :
Courts :
All High Courts Punjab and Haryana HC
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
In the computation of income filed along with revised return, the assessee claimed additional deduction on account of Rs. 1,97,290/- and Rs. 9,80,000/- on account of interest under Section 36(1) (iii) of the Act and upfront fees, respectively. This claim was made on account of loans raised for set up of a new unit at Baddi (HP). In the revised return a detail note was given at Serial No. 9 that the assessee has set up a new unit, for the purpose of which, the assessee incurred expenses on interest of loans and upfront fees of loan raised from financial instituti
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.