https://www.taxtmi.com/caselaws?id=254176 The High Court remitted the issue of deductibility of interest paid on funds borrowed for purchasing shares of a BIFR company back to the Tribunal for fresh consideration due to lack of detailed reasoning. The Court did not specifically address the treatment of legal and professional charges for rehabilitation and revival of the BIFR company in its judgment. en-us Mon, 01 Dec 2014 00:00:00 +0530 Mon, 15 Dec 2014 06:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254176 The High Court remitted the issue of deductibility of interest paid on funds borrowed for purchasing shares of a BIFR company back to the Tribunal for fresh consideration due to lack of detailed reasoning. The Court did not specifically address the treatment of legal and professional charges for rehabilitation and revival of the BIFR company in its judgment. Case-Laws Income Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254176