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2015 (6) TMI 1198 - AT - Income TaxInterest accrued on the special fund created - taxabilty at the hands of assessee as it is the income of REC - whether the accrued interest on investments made by assessee of the loan amount received from REC is taxable at the hands of assessee ? - HELD THAT:- DR has not brought any other material to our notice to indicate that facts of the impugned AYs are in any way different from the facts considered by the Tribunal while deciding the issue in favour of assessee. Further, the department’s contention that interest income has not been shown by REC cannot justify the addition at the hands of assessee. In the aforesaid view of the matter, following the decision of the coordinate bench in assessee’s own case for the preceding AYs, we uphold the order of ld. CIT(A) by dismissing the grounds raised by the department in all the appeals under consideration. - Decided against revenue
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