Commissioner Of Income Tax vs Luxmi Devi Sugar Mills (P) Ltd.

Authority: Supreme Court Date: 1990-09-14 AY: 1969-70, 1970-71 Section: 37, 37(1) Acts: Income Tax Act 1961, U.P. Sugarcane Purchase Tax Act 1961 Result: Assessee Citation: (1991) 95 CTR (SC) 34 : (1991) 188 ITR 41 (SC) Justices: K.N. Singh, K. Jagannatha Shetty & Kuldip Singh, JJ. Appeal No: Civil Appeals Nos. 782-783 of 1976
Whether interest payable under the U.P. Sugarcane Purchase Tax Act, 1961 for failure to pay cane cess and purchase tax is allowable as business expenditure under Section 37(1) of the Income Tax Act, 1961 --- Held Yes

šŸ”’ Direct Access Blocked

For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.

AI Deep Dive
0/5 selected

Membership Required

Unlock official PDFs for all landmark cases.

JOIN NOW āž”
Shopping Cart