ASSISTANT COMMISSIONER OF INCOME TAX, CHHINDWARA vs. M/S. CENTRAL MADHYA PRADESH GRAMIN BANK, CHHINDWARA

In the result, the Revenue’s appeal is dismissed

depreciable or otherwise, are to be in any case raised where the business enterprise is unable to generate sufficient funds on, or does not have adequate capital of, its’ own. It is this capital that has been raised by the assessee-bank. Borrowing of money would fall in the same category. It is for this reason that the enumeration