2018 (7) TMI 1514 - SCH - Income Tax

Claim as interest expenditure as business expenditure - interest on funds borrowed to purchase land which is part of inventory of the assessee company - purchase and holding of inventory item - Held that - SLP dismissed.

Summary

The Supreme Court of India, in a judgment by Mr. Rohinton Fali Nariman and Ms. Indu Malhotra JJ., dismissed the Special Leave Petitions after condoning the delay. The Respondent(s) did not appear. (2018 (7) TMI 1514 - SC Order)