Case Name : CIT Vs. Vijay Ship Breaking Corpn.
Citation : 129 TAXMAN 120/261 ITR 113 (GUJ.)
Court : Gujarat High Court
Section : 2(28A)
Meaning : The meaning of the word ‘interest’ is very wide and would include interest on unpaid purchase price, payable in any manner which would include interest payable by means of irrevocable letter of credit.