https://www.taxtmi.com/caselaws?id=4294 The High Court confirmed the Tribunal's decision regarding the return on investment as per the memorandum of understanding but disagreed with restricting the interest payment to 18 per cent. The court allowed the appeal related to the assessment of rental income and interest deduction, emphasizing the need for compliance with the law in determining the amount payable by the assessee. en-us Mon, 05 Mar 2007 00:00:00 +0530 Sat, 26 Jul 2008 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4294 The High Court confirmed the Tribunal's decision regarding the return on investment as per the memorandum of understanding but disagreed with restricting the interest payment to 18 per cent. The court allowed the appeal related to the assessment of rental income and interest deduction, emphasizing the need for compliance with the law in determining the amount payable by the assessee. Case-Laws Income Tax Mon, 05 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4294