https://www.taxtmi.com/caselaws?id=252453 The Court upheld the Tribunal's decision in favor of the banking company, the assessee, regarding the taxation of interest income for the assessment year 2003-04. The Court emphasized the importance of consistency in applying the law and factual findings, noting that the Tribunal had consistently ruled in favor of the assessee in previous years. As there was no error of law and the Tribunal's decision was based on consistent factual findings, the Court dismissed the revenue's appeal, stating that the substantial question of law raised could not be entertained. The appeal was rejected, and no costs were awarded. en-us Thu, 09 Oct 2014 00:00:00 +0530 Thu, 13 Aug 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252453 The Court upheld the Tribunal's decision in favor of the banking company, the assessee, regarding the taxation of interest income for the assessment year 2003-04. The Court emphasized the importance of consistency in applying the law and factual findings, noting that the Tribunal had consistently ruled in favor of the assessee in previous years. As there was no error of law and the Tribunal's decision was based on consistent factual findings, the Court dismissed the revenue's appeal, stating that the substantial question of law raised could not be entertained. The appeal was rejected, and no costs were awarded. Case-Laws Income Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252453