https://www.taxtmi.com/caselaws?id=3192 The High Court dismissed the appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision. The Court found no substantial question of law and ruled that the interest expenditure had already been accounted for in the Profit and Loss Account, hence no separate deduction was allowed. The case was dismissed without costs. en-us Tue, 05 Jun 2007 00:00:00 +0530 Tue, 29 Jul 2008 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3192 The High Court dismissed the appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision. The Court found no substantial question of law and ruled that the interest expenditure had already been accounted for in the Profit and Loss Account, hence no separate deduction was allowed. The case was dismissed without costs. Case-Laws Income Tax Tue, 05 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3192