https://www.taxtmi.com/caselaws?id=218873 The Court dismissed the revenue's appeals, affirming that the assessee does not qualify as a credit institution under Sections 2(5A) and 2(5B) of the Interest Tax Act, 1974. Consequently, the assessee is not liable for tax under the Act. The issue of reopening the assessment in ITA No. 1002/2006 was rendered moot due to the main decision. Both appeals were dismissed, and the substantial question of law was answered in favor of the assessee. en-us Tue, 29 May 2012 00:00:00 +0530 Fri, 16 Nov 2012 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218873 The Court dismissed the revenue's appeals, affirming that the assessee does not qualify as a credit institution under Sections 2(5A) and 2(5B) of the Interest Tax Act, 1974. Consequently, the assessee is not liable for tax under the Act. The issue of reopening the assessment in ITA No. 1002/2006 was rendered moot due to the main decision. Both appeals were dismissed, and the substantial question of law was answered in favor of the assessee. Case-Laws Income Tax Tue, 29 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218873