https://www.taxtmi.com/caselaws?id=28655 The court ruled in favor of the assessee for the deduction of interest on borrowed money for dividend payment but against the assessee for the deduction of interest on borrowed money for tax payments. en-us Thu, 24 Jun 1982 00:00:00 +0530 Wed, 24 Feb 2010 15:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28655 The court ruled in favor of the assessee for the deduction of interest on borrowed money for dividend payment but against the assessee for the deduction of interest on borrowed money for tax payments. Case-Laws Income Tax Thu, 24 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28655