https://www.taxtmi.com/caselaws?id=184717 Interest on fixed deposits was held not assessable as income where the identical issue had already been decided in the assessee's own case and binding precedent was followed. Amounts credited in the profit and loss account were also not taxable under section 41(1) because the assessee had not earlier claimed or obtained any deduction or allowance in respect of those sums. The referred questions were answered in favour of the assessee, and the Revenue's challenge failed. en-us Fri, 09 Nov 1990 00:00:00 +0530 Mon, 18 Jul 2016 16:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184717 Interest on fixed deposits was held not assessable as income where the identical issue had already been decided in the assessee's own case and binding precedent was followed. Amounts credited in the profit and loss account were also not taxable under section 41(1) because the assessee had not earlier claimed or obtained any deduction or allowance in respect of those sums. The referred questions were answered in favour of the assessee, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 09 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184717