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2003 (2) TMI 59 - HC - Income TaxSettlement - Whether the accrual of interest on the amount deposited is to be treated as income from other sources or not and as to whether amortisation granted by the respondent is correct in law? - I cannot but notice and observe that the Assessing Officer has not provided amortisation of expenditure which has been allowed by the Settlement Commissioner. The Settlement Commissioner has granted this benefit to the petitioner in terms of the Act. Therefore, the petitioner cannot have any grievance of any substantial injustice to him, in the light of the benefit in the given set of facts. – question answered in afirmitive
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