https://www.taxtmi.com/caselaws?id=216668 The case involved disputes over the ownership of investments in Indira Vikas Patras (IVPs) and the subsequent interest income. The court ruled in favor of the assessee, finding that the investments belonged to the company, not the individual director, as they were properly reflected in the company's accounts and already assessed in the company's income. The court dismissed the revenue's appeal, concluding that the addition of the investments and interest in the assessee's income was not justified, thereby resolving the double taxation issue raised by the revenue. en-us Fri, 06 Jul 2012 00:00:00 +0530 Fri, 07 Sep 2012 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216668 The case involved disputes over the ownership of investments in Indira Vikas Patras (IVPs) and the subsequent interest income. The court ruled in favor of the assessee, finding that the investments belonged to the company, not the individual director, as they were properly reflected in the company's accounts and already assessed in the company's income. The court dismissed the revenue's appeal, concluding that the addition of the investments and interest in the assessee's income was not justified, thereby resolving the double taxation issue raised by the revenue. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216668