https://www.taxtmi.com/caselaws?id=66680 The Tribunal dismissed the appeal regarding the inclusion of subsidy received from the Reserve Bank of India in chargeable interest, following precedents. However, the Tribunal ruled in favor of the assessee on the inclusion of compensation for delayed payments and inspection charges, stating they are not chargeable interest. The Tribunal upheld the inclusion of interest on securities but allowed quantification of interest on balances in the 'protested bills account' after referring the matter back to the Assessing Officer. Overall, the appeals were partly allowed, with decisions varying on specific issues. en-us Wed, 22 Oct 1997 00:00:00 +0530 Sat, 05 Mar 2011 15:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66680 The Tribunal dismissed the appeal regarding the inclusion of subsidy received from the Reserve Bank of India in chargeable interest, following precedents. However, the Tribunal ruled in favor of the assessee on the inclusion of compensation for delayed payments and inspection charges, stating they are not chargeable interest. The Tribunal upheld the inclusion of interest on securities but allowed quantification of interest on balances in the 'protested bills account' after referring the matter back to the Assessing Officer. Overall, the appeals were partly allowed, with decisions varying on specific issues. Case-Laws Income Tax Wed, 22 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66680