IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA ITA No. 27 of 2003 Decided on 15.3.2010 Commissioner of Income Tax ….Petitioner Versus M/s. Himachal Puturistic Communication …Respondents Coram The Hon’ble Mr. Justice Kurian Joseph, Chief Justice The Hon’ble Mr. Justice R.B. Misra, Judge. For the appellant: Mr. Vinay Kuthiala, Advocate, For Respondents : Mr. M.P. Rastogi with Mr. Raman Sethi, Advocates. Justice Kurian Joseph, C.J. (Oral) The question that arises for determination in this appeal is whether the interest on the money borrowed for the expansion of the business is liable to be deducted under the provisions of Section 36 (i) (iii) read with section 37 (1) g of the Income Tax Act, 1961. That issue is no more res-integra in view of the decision of the Apex Court in DCIT Vs. Core Health Care Ltd 298 ITR 194 (SC) and DCIT Vs. Gujrat Alkalies & Chemicals Ltd. 299 ITR 85 (SC), decided against the revenue and in favour of the assesse. The appeal is hence dismissed. ( Justice Kurian Joseph ), Chief Justice March 15, 2010(sl/p) ( Justice R.B. Misra ), Judge