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Cit Vs. Ramesh Enterprises

Court : Chennai

Appellant : Cit

Respondent : Ramesh Enterprises

Subject : Direct Taxation

Reported in : (2001)169CTR(Mad)513

R. Jayasimha Babu, J.The assessee is registered firm which had borrowed monies from two of its sister concerns, viz., Ramesh Enterprises (P) Ltd., and Ramesh Exports (P) Ltd. For the assessment year 1983-84, interest paid to...

Commissioner of Income-tax Vs. Ramesh Enterprises

Court : Chennai

Appellant : Commissioner of Income-tax

Respondent : Ramesh Enterprises

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 194A, 195 and 201(1A)

Reported in : [2001]250ITR464(Mad)

R. Jayasimha Babu, J. 1. The assessee is a registered firm which had borrowed monies from two of its sister concerns, viz., Ramesh Enterprises (P.) Ltd., and Ramesh Exports (P.) Ltd. For the assessment year 1983-84,...