https://www.taxtmi.com/caselaws?id=75717 HC declined to entertain a fresh maintainability contention raised for the first time before it, upholding the Tribunal's acceptance of the appeal to the Commissioner (Appeals). HC found the long delay in filing before the Commissioner (Appeals) was adequately explained and properly condoned. On merits, HC affirmed the Tribunal's factual finding that the assessee acted merely as financier to aid a purchaser, and therefore the finance charges and related interest were not assessable under the Interest-tax Act. en-us Mon, 27 Apr 2009 00:00:00 +0530 Sat, 08 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75717 HC declined to entertain a fresh maintainability contention raised for the first time before it, upholding the Tribunal's acceptance of the appeal to the Commissioner (Appeals). HC found the long delay in filing before the Commissioner (Appeals) was adequately explained and properly condoned. On merits, HC affirmed the Tribunal's factual finding that the assessee acted merely as financier to aid a purchaser, and therefore the finance charges and related interest were not assessable under the Interest-tax Act. Case-Laws Income Tax Mon, 27 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75717