M/S PANCHSHEEL TEXTILE MANFAC. & TRAD. vs. C I T AND ANR.

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA

IV. Section 14A wo the assessee has indivisible inco en computed in this case. We h of share of M/S Vardhman Poly refore, interest on borrowed mo wable as a deduction u/s 36(1)( tion is permissible to the asses of the Supreme Court in the case n (supra). However, as pointed on getting reversed by any super A would

BHARTI BHUSHAN JINDAL vs. COMMISSIONER OF INCOME TAX LUDHIANA

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA