https://www.taxtmi.com/caselaws?id=15019 Interest paid for delayed payment of sugarcane cess and purchase tax was treated as deductible in computing business income, because the section 256(1) question was identical to an issue already decided in the assessee's own case. The earlier ruling had allowed the deduction, and that view was followed again. The reference was therefore answered in favour of the assessee and against the Revenue. en-us Thu, 13 Jul 2000 00:00:00 +0530 Mon, 27 Jul 2009 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15019 Interest paid for delayed payment of sugarcane cess and purchase tax was treated as deductible in computing business income, because the section 256(1) question was identical to an issue already decided in the assessee's own case. The earlier ruling had allowed the deduction, and that view was followed again. The reference was therefore answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 13 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15019