https://www.taxtmi.com/caselaws?id=22197 The court ruled in favor of the assessee regarding the treatment of the enhanced price as income, following the precedent in Dhampur Sugar Mills Ltd. case. However, the court ruled against the assessee concerning the deduction of interest on loans, upholding the disallowance based on the borrowed funds being lent interest-free to directors and a related firm. The judgment was delivered by B. P. JEEVAN REDDY C. J., with no order as to costs. en-us Thu, 07 Mar 1991 00:00:00 +0530 Tue, 08 Dec 2009 10:39:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22197 The court ruled in favor of the assessee regarding the treatment of the enhanced price as income, following the precedent in Dhampur Sugar Mills Ltd. case. However, the court ruled against the assessee concerning the deduction of interest on loans, upholding the disallowance based on the borrowed funds being lent interest-free to directors and a related firm. The judgment was delivered by B. P. JEEVAN REDDY C. J., with no order as to costs. Case-Laws Income Tax Thu, 07 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22197