2017 (7) TMI 1359

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..... hur. JUDGMENT 1. By way of this appeal, the appellant has challenged the judgment and order of the Tribunal whereby the tribunal has partly allowed the appeal of the assessee. 2. The counsel for the appellant has framed the following substantial question of law. "(i) Whether in the facts and circumstances of the case and in law the ITAT was justified in deleting addition of Rs. 9885010/- mad .....

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..... his income. The interest earned by the assessee could have been used for many other purposes. If the assessee purchased a house or distributed dividend or paid salary of its employees with the money received as interest, will the interest amount be treated as not his income ? This is not a case of diversion of income by overriding title. The assessee was entirely at liberty to deal with the inter .....

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