https://www.taxtmi.com/caselaws?id=330099 The Appellate Tribunal dismissed the Assessing Officer's appeal challenging the addition of interest income on Inter Corporate Deposits (ICD) by the Assessee. The Tribunal upheld the decision in favor of the Assessee, citing previous rulings and consistent deletions of similar additions in previous assessment years. The Tribunal's decision, pronounced on 13th July 2016, affirmed the deletion of the interest income on ICDs, in line with the precedent set by the High Court and previous Tribunal decisions. en-us Wed, 13 Jul 2016 00:00:00 +0530 Mon, 18 Jul 2016 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330099 The Appellate Tribunal dismissed the Assessing Officer's appeal challenging the addition of interest income on Inter Corporate Deposits (ICD) by the Assessee. The Tribunal upheld the decision in favor of the Assessee, citing previous rulings and consistent deletions of similar additions in previous assessment years. The Tribunal's decision, pronounced on 13th July 2016, affirmed the deletion of the interest income on ICDs, in line with the precedent set by the High Court and previous Tribunal decisions. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330099