https://www.taxtmi.com/caselaws?id=75620 The High Court upheld the tribunal's decision regarding the taxability of interest on sub-loans received by the assessee, ruling in favor of the assessee. The court found no grounds to interfere, stating that the funds were not owned by the assessee but received as a canalizing agency, subject to specific restrictions. The decision, based on previous court rulings, concluded that no substantial legal question arose, leading to the dismissal of the revenue's appeal. en-us Thu, 15 Apr 2010 00:00:00 +0530 Thu, 29 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75620 The High Court upheld the tribunal's decision regarding the taxability of interest on sub-loans received by the assessee, ruling in favor of the assessee. The court found no grounds to interfere, stating that the funds were not owned by the assessee but received as a canalizing agency, subject to specific restrictions. The decision, based on previous court rulings, concluded that no substantial legal question arose, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 15 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75620