1996 (1) TMI 102 - HC - Income Tax

Summary

The High Court of Gauhati ruled in favor of the assessee regarding the interest received on delayed payment of compensation, following the cash system of accounting. The judgment referenced previous Supreme Court decisions and directed the transmission of the judgment to the Income-tax Appellate Tribunal. No costs were awarded in this case. (Case citation: 1996 (1) TMI 102 - Gauhati High Court)