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2002 (2) TMI 39 - HC - Income TaxAccrual Of Income, Interest - "Whether, on the facts and in the circumstances of the case, the deletion of Rs. 4,726 and Rs. 3,544 being interest on deferred sale consideration was justified?" - Tribunal has, grievously erred in deleting the interest charged by the Income-tax Officer on accrual basis even as per the modified agreement for the assessment years 1981-82 and 1982-83. We are, therefore, of the opinion that the Tribunal has committed an error in deleting the interest of Rs. 4,726 and Rs. 3,544 being interest on deferred sale consideration and that the Tribunal was not justified in deleting the same.
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