https://www.taxtmi.com/caselaws?id=63468 The Tribunal allowed the appeal in part, granting exemption under section 11 of the Income-tax Act to the assessee. It directed the Assessing Officer to reconsider the exemption of interest income earned on fixed deposits in accordance with the law. The Tribunal upheld the CIT(A)'s decision on the rate of tax, applying the normal rate for the relevant assessment years, and rejected the application of the maximum marginal rate of tax. en-us Thu, 25 Jul 1996 00:00:00 +0530 Mon, 31 Jan 2011 11:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63468 The Tribunal allowed the appeal in part, granting exemption under section 11 of the Income-tax Act to the assessee. It directed the Assessing Officer to reconsider the exemption of interest income earned on fixed deposits in accordance with the law. The Tribunal upheld the CIT(A)'s decision on the rate of tax, applying the normal rate for the relevant assessment years, and rejected the application of the maximum marginal rate of tax. Case-Laws Income Tax Thu, 25 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63468