2018 (6) TMI 74

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..... mount has to be taken as falling within the mischief of the said provision, in our opinion, is an incorrect premise - hence no question of law arises. Admit following question of law :- “Did the ITAT fall into error in holding that the sum of ₹ 27,11,797/- on account of interest, could not be sustained in the circumstances of the case?” - ITA 211/2018 & CM APPL. 6499-6500/2018 - - - Date .....

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..... that separate amount was used for that purpose. It was submitted that the amounts in fact constituted flagrant violation of law in as much as the provisions of the Stamp Act and other connected laws were sought to be evaded by the sale deed. This Court is of the opinion that the broad interpretation of the Explanation to Section 37(1) of the Act given by the Revenue is in the circumstances of t .....

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