1991 (6) TMI 69 - HC - Income Tax

Summary

The High Court of Orissa held that interest awarded by an arbitrator is not taxable as income, following precedent. The court ruled in favor of the assessee against the Department. Judge B. L. Hansaria delivered the judgment, with Judge D. M. Patnaik concurring. (Case citation: 1991 (6) TMI 69 - Orissa High Court)