https://www.taxtmi.com/caselaws?id=176843 The Bombay High Court dismissed the appeal challenging the order of the Income Tax Appellate Tribunal regarding two Income Tax Appeals for the assessment year 1997-98. The Court held that the interpretation of income chargeable at a special rate under section 115A was covered against the Revenue based on previous decisions. It also found that the issue of the allowability of expenditure incurred in earning dividend and interest income did not raise any substantial question of law. The Court determined that a third question need not be addressed in the current circumstances. Ultimately, the appeal was dismissed with no costs awarded. en-us Wed, 01 Apr 2015 00:00:00 +0530 Wed, 30 Dec 2015 09:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176843 The Bombay High Court dismissed the appeal challenging the order of the Income Tax Appellate Tribunal regarding two Income Tax Appeals for the assessment year 1997-98. The Court held that the interpretation of income chargeable at a special rate under section 115A was covered against the Revenue based on previous decisions. It also found that the issue of the allowability of expenditure incurred in earning dividend and interest income did not raise any substantial question of law. The Court determined that a third question need not be addressed in the current circumstances. Ultimately, the appeal was dismissed with no costs awarded. Case-Laws Income Tax Wed, 01 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176843