Appeal Dismissed for Interest Deduction on Sugar Price Levy

The High Court of Allahabad dismissed an appeal under section 260A of the IT Act regarding deduction of interest on additional levy sugar price under the Levy Sugar Price Equalization Fund Act, 1976, as it did not raise any substantial question of law. The decision was based on a previous judgment in I.T.R.176 of 1988 - Commissioner of Income tax Lucknow Vs. M/s Dhampur Sugar Mills Limited, Bijnor.

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The High Court of Allahabad dismissed an appeal under section 260A of the IT Act regarding deduction of interest on additional levy sugar price under the Levy Sugar Price Equalization Fund Act, 1976, as it did not raise any substantial question of law. The decision was based on a previous judgment in I.T.R.176 of 1988 - Commissioner of Income tax Lucknow Vs. M/s Dhampur Sugar Mills Limited, Bijnor.

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