https://www.taxtmi.com/caselaws?id=32197 The High Court upheld the decisions of the Commissioner Income-tax(Appeals) and the Tribunal, dismissing the appeal filed by the revenue. The judgment clarified the admissibility of interest on capital borrowed for preoperative expenses and the justification for interest rate differentiation between close relatives and other creditors under the relevant sections of the Income Tax Act. en-us Mon, 03 Nov 2008 00:00:00 +0530 Sat, 24 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32197 The High Court upheld the decisions of the Commissioner Income-tax(Appeals) and the Tribunal, dismissing the appeal filed by the revenue. The judgment clarified the admissibility of interest on capital borrowed for preoperative expenses and the justification for interest rate differentiation between close relatives and other creditors under the relevant sections of the Income Tax Act. Case-Laws Income Tax Mon, 03 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32197