Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1995 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1995 (2) TMI 55 - HC - Income TaxExtract: .......a, we hold that the Tribunal was correct in holding that seven per cent. amount collected by the asessee-bank would not fall under the definition interest as stated in section 2(7) of the Interest-tax Act. Accordingly, we answer the question referred to us in the affirmative and against the Department. No costs. Counsel s fee is fixed at Rs. 1,000.
|