https://www.taxtmi.com/caselaws?id=63816 The Tribunal ruled in favor of the assessee in the case, allowing appeals related to issues such as gross discounting income, interest on delayed payments, interest on Government securities and NCDs, and income from hire-purchase transactions. The Tribunal held that only net discounting charges should be chargeable to interest-tax, interest on delayed payments is not subject to interest-tax, interest on Government securities and NCDs is not chargeable, and income from hire-purchase transactions is not considered interest for interest-tax purposes. The Revenue's appeal was dismissed, affirming the decisions in favor of the assessee. en-us Fri, 24 Feb 2006 00:00:00 +0530 Tue, 17 Jul 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63816 The Tribunal ruled in favor of the assessee in the case, allowing appeals related to issues such as gross discounting income, interest on delayed payments, interest on Government securities and NCDs, and income from hire-purchase transactions. The Tribunal held that only net discounting charges should be chargeable to interest-tax, interest on delayed payments is not subject to interest-tax, interest on Government securities and NCDs is not chargeable, and income from hire-purchase transactions is not considered interest for interest-tax purposes. The Revenue's appeal was dismissed, affirming the decisions in favor of the assessee. Case-Laws Income Tax Fri, 24 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63816