Delhi High Court to Review Tax Appeal on Loan Interest Deduction & Expense Disallowance The High Court of Delhi admitted the appeal concerning two significant legal questions from the Tribunal's order on ITA No. 1491/Delhi of 1996 for the ...
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Delhi High Court to Review Tax Appeal on Loan Interest Deduction & Expense Disallowance
The High Court of Delhi admitted the appeal concerning two significant legal questions from the Tribunal's order on ITA No. 1491/Delhi of 1996 for the assessment year 1992-93. The questions revolve around the deduction of interest on loans from J and K Bank and the disallowance of expenses on an estimated basis. The appellant must submit ten copies of documents within three months for the appeal to proceed to a hearing.
The High Court of Delhi admitted the appeal regarding two substantial questions of law arising from the Tribunal's order on ITA No. 1491/Delhi of 1996 for the assessment year 1992-93. The questions involve deduction of interest payable on loans from J and K Bank and the disallowance of expenses on estimate basis. The appellant is required to file ten copies of documents within three months for the appeal to be listed for hearing.
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