https://www.taxtmi.com/caselaws?id=118598 The Tribunal ruled in favor of the assessee, applying a 20% tax rate on the interest income under section 115A of the Income-tax Act. The issue of levy of interest under section 234B was remitted for further adjudication, and the exemption under section 10(15)(iv)(fa) was also remitted to ascertain compliance with RBI approval conditions. The appeal was partly allowed. en-us Fri, 25 Nov 2005 00:00:00 +0530 Wed, 04 Jul 2012 13:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118598 The Tribunal ruled in favor of the assessee, applying a 20% tax rate on the interest income under section 115A of the Income-tax Act. The issue of levy of interest under section 234B was remitted for further adjudication, and the exemption under section 10(15)(iv)(fa) was also remitted to ascertain compliance with RBI approval conditions. The appeal was partly allowed. Case-Laws Income Tax Fri, 25 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118598