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2020 (3) TMI 1177 - HC - Income TaxLiability to pay interest tax on the interest earned - HELD THAT:- Controversy involved in the present case would clearly stand covered by the decision of this court in the case of Asman Investment Limited v. Assistant Commissioner of Income Tax [2018 (2) TMI 1966 - GUJARAT HIGH COURT] Under the circumstances, it is not necessary to deal with the facts and contentions in detail. Question is answered in the affirmative, that is, in favour of the revenue and against the appellant assessee. It is held that in the facts and under the circumstances of this case, the Income Tax Appellate Tribunal was right in law in holding that the appellant is liable to pay interest tax on the interest earned by it.
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