https://www.taxtmi.com/caselaws?id=26440 The court ruled in favor of the assessee on the entitlement to allowance for extra shifts and interest on borrowings for dividend payments. However, the court sided with the Revenue on the disallowance of interest on borrowings for tax payments. Regarding the specific revenue expenditure, the court allowed it in favor of the assessee. The court concluded with orders in favor of the assessee on Questions 1, 2, and 4, and in favor of the Revenue on Question 3, with no order as to costs. en-us Thu, 24 Oct 1985 00:00:00 +0530 Fri, 05 Feb 2010 10:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26440 The court ruled in favor of the assessee on the entitlement to allowance for extra shifts and interest on borrowings for dividend payments. However, the court sided with the Revenue on the disallowance of interest on borrowings for tax payments. Regarding the specific revenue expenditure, the court allowed it in favor of the assessee. The court concluded with orders in favor of the assessee on Questions 1, 2, and 4, and in favor of the Revenue on Question 3, with no order as to costs. Case-Laws Income Tax Thu, 24 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26440