https://www.taxtmi.com/caselaws?id=62296 The Tribunal upheld the CIT(A)'s decision to exclude the interest amount awarded by the arbitrator from the contract receipts due to pending litigation and subsequent legal developments. It also allowed the assessee's claim for a 30% deduction of expenses related to the interest income. The Tribunal emphasized the importance of considering subsequent legal events for substantial justice and corrected the relief amount to reflect the actual addition made by the AO. en-us Wed, 13 Sep 2000 00:00:00 +0530 Wed, 19 Jan 2011 11:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62296 The Tribunal upheld the CIT(A)'s decision to exclude the interest amount awarded by the arbitrator from the contract receipts due to pending litigation and subsequent legal developments. It also allowed the assessee's claim for a 30% deduction of expenses related to the interest income. The Tribunal emphasized the importance of considering subsequent legal events for substantial justice and corrected the relief amount to reflect the actual addition made by the AO. Case-Laws Income Tax Wed, 13 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62296