2013 (2) TMI 725 - HC - Income Tax

Whether Tribunal was right in holding that the income arising from the security and on debentures to the assessee is liable to be taxed on due bases and not on the basis of day to day ? - Held yes

Summary

The High Court of Bombay dismissed the Revenue's appeal for assessment year 1998-1999, as the issue was already decided in a previous case. The appeal was dismissed with no order as to costs.