High Court Rules Interest on State-Approved Loan Can't Be Claimed for Previous Years in Current Assessment Year. https://www.taxtmi.com/highlights?id=6796 Interest on loan sanctioned from state government - mercantile system - the liability for payment of interest for all the previous AYs cannot be claimed or allowed in the relevant AY - HC en-us Mon, 11 Feb 2013 07:36:39 +0530 Mon, 11 Feb 2013 07:36:39 +0530 TaxTMI RSS Generator High Court Rules Interest on State-Approved Loan Can't Be Claimed for Previous Years in Current Assessment Year. https://www.taxtmi.com/highlights?id=6796 Interest on loan sanctioned from state government - mercantile system - the liability for payment of interest for all the previous AYs cannot be claimed or allowed in the relevant AY - HC Highlights Income Tax Mon, 11 Feb 2013 07:36:39 +0530 https://www.taxtmi.com/highlights?id=6796