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2002 (10) TMI 30 - HC - Income Tax"Whether, on the facts and in the circumstances of the case, and on a correct reading of section 34 of the Civil Procedure Code read with section 31 of the Orissa State Financial Corporations Act, 1951, the Tribunal was legally correct in coming to the conclusion that no interest accrued to the assessee corporation till the decision of the civil court and that no such interest amount would be chargeable to tax in the hands of the assessee for the assessment year 1983-84?" - we have no hesitation to hold that the Appellate Tribunal rightly held that no interest accrued legally to the assessee till the decision of the court is arrived at and no such interest amount would be chargeable to tax in the hands of the assessee. In the premises, we answer the question in the affirmative and against the Revenue.
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