https://www.taxtmi.com/caselaws?id=210107 The appeal challenging the deletion of notional interest on a deposit with a company was upheld, with the ITAT dismissing the ground. However, regarding the tax treatment of amounts deducted by a foreign company, the ITAT partially allowed the appeal, directing the Assessing Officer to give the assessee the benefit of tax credit paid by the foreign company. The judgment provided detailed analysis and legal interpretations, resulting in a partial allowance of the appeal. en-us Wed, 11 May 2011 00:00:00 +0530 Wed, 28 Nov 2012 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210107 The appeal challenging the deletion of notional interest on a deposit with a company was upheld, with the ITAT dismissing the ground. However, regarding the tax treatment of amounts deducted by a foreign company, the ITAT partially allowed the appeal, directing the Assessing Officer to give the assessee the benefit of tax credit paid by the foreign company. The judgment provided detailed analysis and legal interpretations, resulting in a partial allowance of the appeal. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210107