https://www.taxtmi.com/caselaws?id=259062 The High Court upheld the Tribunal's decision that disallowing interest under Section 43B should be subsumed into the offer of waived principal to avoid double jeopardy for the assessee. The Court emphasized that taxing both the waived principal and disallowed interest separately would lead to the same tax liability, thus rejecting the appellant's argument for separate taxation. The appeal was dismissed as no substantial question of law arose for consideration. en-us Tue, 07 Apr 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259062 The High Court upheld the Tribunal's decision that disallowing interest under Section 43B should be subsumed into the offer of waived principal to avoid double jeopardy for the assessee. The Court emphasized that taxing both the waived principal and disallowed interest separately would lead to the same tax liability, thus rejecting the appellant's argument for separate taxation. The appeal was dismissed as no substantial question of law arose for consideration. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259062