https://www.taxtmi.com/caselaws?id=254846 The ITAT upheld the CIT(A)'s decision to allow netting off interest earned on margin money with interest payable on term loans, referencing the cases of CIT Vs. Sasan Power Ltd. and CIT Vs. Shree Ram Honda Power Equipment. The Revenue's appeal was dismissed, emphasizing the binding nature of the High Court decisions until modified or reversed. The decision was pronounced on 26th July 2013. en-us Fri, 26 Jul 2013 00:00:00 +0530 Fri, 02 Jan 2015 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254846 The ITAT upheld the CIT(A)'s decision to allow netting off interest earned on margin money with interest payable on term loans, referencing the cases of CIT Vs. Sasan Power Ltd. and CIT Vs. Shree Ram Honda Power Equipment. The Revenue's appeal was dismissed, emphasizing the binding nature of the High Court decisions until modified or reversed. The decision was pronounced on 26th July 2013. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254846