| COURT: | Bombay High Court |
| CORAM: | B. P. Colabawalla J, S. C. Dharmadhikari J |
| SECTION(S): | 40A(8), 80V, Rule 6D |
| GENRE: | Domestic Tax |
| CATCH WORDS: | deposits for payment of taxes |
| COUNSEL: | Atul Jasani |
| DATE: | August 1, 2014 (Date of pronouncement) |
| DATE: | October 10, 2014 (Date of publication) |
| AY: | |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Benefit of section 80V would be available to the Assessee if the borrowings were taken for the purpose of payment of tax | |
In Hindustan Cocoa Products Ltd. v/s Commissioner of Income Tax, reported in [1999] 236 ITR 140, this Court observed that the benefit of section 80V would be available to the Assessee if the borrowings were taken for the purpose of …
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