COMMISSIONER OF INCOME TAX vs. M/S MUKERIAN PAPERS LTD

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

90,432/- on account of interest on borrowed funds paid for pre-operative period used for purchase of machinery by ignoring explanation 8 of section 43(1) ? (ii) Whether on the facts and in the circumstances of the case, the Hon’ble Income Tax Appellate Tribunal was justified in allowing expenditure relating to the public issue of debentures

PR. COMMISSIONER OF INCOME TAX (CENTRAL) GURUGRAM vs. M/S MAHARISHI MARKANDESHWAR UNIVERSITY TRUST

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH