https://www.taxtmi.com/caselaws?id=5976 Interest income was treated as assessable to tax in the assessee's hands because the Supreme Court applied the binding principle in Tuticorin Alkali Chemicals and Fertilisers Ltd. v. CIT. Although the High Court's referred question had been answered against the Revenue, the appeal was allowed on that basis and the taxability of the interest income was affirmed in favour of the Revenue. en-us Tue, 21 Nov 2000 00:00:00 +0530 Tue, 28 Aug 2018 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5976 Interest income was treated as assessable to tax in the assessee's hands because the Supreme Court applied the binding principle in Tuticorin Alkali Chemicals and Fertilisers Ltd. v. CIT. Although the High Court's referred question had been answered against the Revenue, the appeal was allowed on that basis and the taxability of the interest income was affirmed in favour of the Revenue. Case-Laws Income Tax Tue, 21 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5976