https://www.taxtmi.com/caselaws?id=361247 The court concluded that the Revenue's interpretation of the Explanation to Section 37(1) of the Income Tax Act was not well-founded in the case regarding the interest amount issue. It was held that the alleged violation of the Stamp Act and other laws in the payment made to farmer/owners did not fall within the scope of Section 37(1). The court issued notice solely on the question of law related to the interest amount issue for further consideration, while rejecting the Revenue's arguments on the legality of the payment to farmer/owners. en-us Mon, 14 May 2018 00:00:00 +0530 Mon, 04 Jun 2018 06:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361247 The court concluded that the Revenue's interpretation of the Explanation to Section 37(1) of the Income Tax Act was not well-founded in the case regarding the interest amount issue. It was held that the alleged violation of the Stamp Act and other laws in the payment made to farmer/owners did not fall within the scope of Section 37(1). The court issued notice solely on the question of law related to the interest amount issue for further consideration, while rejecting the Revenue's arguments on the legality of the payment to farmer/owners. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361247