ARVIND MILLS LTD OTHERS VERSUS ASSTT COMMISSIONER OF INCOME TAX OTHERS - Income Tax - ITAT AHMEDABAD - Tri - Allowability of interest expense on debenture - accrual of interest liability - Such payment was made on 24/03/1995, i.e. the date of allotment in that case, hence the funds were used in that case for only a few days during AY 1995-96. In spite of this, the assessee in that case claimed deduction for the entire amount of interest paid on the date of allotment. The argument on behalf o................................... Income Tax - Case Laws
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