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of <h1>ITAT Calcutta-B Dismisses Revenue's Appeal on Interest Addition for AY 1974-75</h1> <h3>INCOME TAX OFFICER. Versus THE EAST INDIA RUBBER WORKS (P) LTD.</h3> The Revenue's appeal was dismissed by the ITAT CALCUTTA-B for the asst. yr. 1974-75. The Tribunal upheld the AAC's decision to delete the addition of ... - The Revenue's appeal regarding the addition of interest on a loan was dismissed by the Appellate Tribunal ITAT CALCUTTA-B for the asst. yr. 1974-75. The AAC had deleted the addition, stating that the loan had become doubtful and the assessee was not obliged to show the interest income in its accounts. The Tribunal upheld the AAC's decision, and the Revenue's appeal was dismissed.
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