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Home › All Judgements › Kerala Road Lines vs. CIT (Supreme Court)

Kerala Road Lines vs. CIT (Supreme Court)

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COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: March 15, 2008 (Date of publication)
AY:
FILE:
CITATION:


Interest paid for purchase of land held allowable as a deduction as the fact that the income on sale of scrap obtained on demolition of buildings on the land was offered as business income showed that the assessee had bought the land for business purposes.

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