https://www.taxtmi.com/caselaws?id=16101 Section 5(k) was treated as the special provision governing interest expenditure connected with agricultural income, and its embedded ceiling could not be bypassed by recasting the claim under section 5(e). Interest on borrowings made in earlier years remained within section 5(k) if it related to the specified purpose, so the year of borrowing did not take the amount outside that provision. The disallowance based on the statutory limit therefore could not be enlarged in later years through the general deduction clause, and the challenge to the disallowance failed. en-us Wed, 03 Sep 1997 00:00:00 +0530 Tue, 01 Sep 2009 11:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16101 Section 5(k) was treated as the special provision governing interest expenditure connected with agricultural income, and its embedded ceiling could not be bypassed by recasting the claim under section 5(e). Interest on borrowings made in earlier years remained within section 5(k) if it related to the specified purpose, so the year of borrowing did not take the amount outside that provision. The disallowance based on the statutory limit therefore could not be enlarged in later years through the general deduction clause, and the challenge to the disallowance failed. Case-Laws Income Tax Wed, 03 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16101