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The High Court of Rajasthan dismissed the Commissioner's application to refer a question of law regarding the allowance of interest paid by the assessee to minors on gifts made by partners as a business expenditure under section 37(1) of the Income-tax Act, 1961. The Court upheld the Tribunal's decision that the interest paid was a legitimate business expense, finding no legal issue to be addressed. The parties were directed to bear their own costs.
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