https://www.taxtmi.com/caselaws?id=67052 The Tribunal ruled that in the assessment year 1978-79, no interest income accrued to the assessee from deposits made in the firm. The agreement not to charge interest was deemed genuine and supported by evidence. Therefore, the addition of Rs. 35,677 as interest income by the ITO was overturned, and the appeal was successful. en-us Wed, 10 Nov 1982 00:00:00 +0530 Tue, 08 Mar 2011 18:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67052 The Tribunal ruled that in the assessment year 1978-79, no interest income accrued to the assessee from deposits made in the firm. The agreement not to charge interest was deemed genuine and supported by evidence. Therefore, the addition of Rs. 35,677 as interest income by the ITO was overturned, and the appeal was successful. Case-Laws Income Tax Wed, 10 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67052