Case Law Details
Case Name : CIT Vs M/s Apollo Tyres Ltd (Kerala High Court)
Appeal Number : ITA.No. 151 of 2010
Date of Judgement/Order : 25/02/2019
Related Assessment Year : 1999-2000
Courts :
All High Courts Kerala High Court
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CIT Vs M/s Apollo Tyres Ltd (Kerala High Court)
Conclusion: Loss on account of issuance of debentures at premium was expenses for the borrowing and therefore, was allowable as deduction u/s 37 in computing the income however, the loss suffered had to be applied in respect of each year covere
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