https://www.taxtmi.com/caselaws?id=49333 The court allowed the appeals with costs, ruling that the interest paid by the assessee-company was a permissible deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. The claim under section 10(2)(iii) was not admissible as there was no capital borrowed, and the court did not find it necessary to consider the claim under section 10(1). en-us Wed, 21 Oct 1964 00:00:00 +0530 Thu, 21 Aug 2014 19:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49333 The court allowed the appeals with costs, ruling that the interest paid by the assessee-company was a permissible deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. The claim under section 10(2)(iii) was not admissible as there was no capital borrowed, and the court did not find it necessary to consider the claim under section 10(1). Case-Laws Income Tax Wed, 21 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49333