Petition dismissed upholding broken-period interest disallowance is not allowable as capital expenditure, issue decided against revenue The SC dismissed the special leave petition challenging the HC's determination that disallowance for broken period interest is not allowable as capital ...
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Petition dismissed upholding broken-period interest disallowance is not allowable as capital expenditure, issue decided against revenue
The SC dismissed the special leave petition challenging the HC's determination that disallowance for broken period interest is not allowable as capital expenditure, affirming the HC's view that the issue was concluded against the revenue. All pending interlocutory applications were disposed of.
Citation: 2019 (10) TMI 1618 - Supreme Court of India. Summary: The Supreme Court issued an order disposing of the special leave petition by way of dismissal. The court's dispositive statement: "The special leave petition is dismissed." No reasons or legal analysis accompany the order. The decision also addresses ancillary matters: "pending interlocutory applications, if any, stand disposed of." There is no substantive opinion, legal reasoning, or discussion of issues, facts, or precedent included in the record; the order is purely procedural and final in outcome. The entry functions solely as a dismissal of the petition and termination of any outstanding interlocutory applications.
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