https://www.taxtmi.com/caselaws?id=258131 The High Court of Gujarat upheld the Tribunal's decision to delete the addition of interest income of Rs. 22,63,60,745 in the hands of the assessee. The Court found that the interest accrued was not treated as income, following similar precedents. The Court dismissed the revenue's appeal, citing previous judgments and established legal principles, as the issue had already been addressed in earlier decisions involving the same assessee. en-us Thu, 05 Mar 2015 00:00:00 +0530 Wed, 01 Apr 2015 05:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258131 The High Court of Gujarat upheld the Tribunal's decision to delete the addition of interest income of Rs. 22,63,60,745 in the hands of the assessee. The Court found that the interest accrued was not treated as income, following similar precedents. The Court dismissed the revenue's appeal, citing previous judgments and established legal principles, as the issue had already been addressed in earlier decisions involving the same assessee. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258131