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COMMISSIONER OF INCOME-TAX versus SIVAKAMI MILLS LTD.

Guaranteed purchase of machinery based on deferred payment by bank to assure payment of installments through business expense assessment is acceptable as expenditure on Indian Income Tax Act, 1961, section 37 business expenditure deferred payment basis. Interested expense on payment of purchase of machinery on Indian Income Tax Act, 1961, Section 37 best law firms from Silanwala lawyer