https://www.taxtmi.com/caselaws?id=190557 The High Court of Calcutta held that a mortgagee must follow the terms of the mortgage deed when applying payments, with a presumption that payments are allocated to outstanding interest first. The Court ruled against the party, awarding costs to the Commissioner of Income Tax. It emphasized the importance of asking questions for opinion based on specific case facts and addressing them individually. Justice Costello concurred with the decision. en-us Fri, 28 Feb 1936 00:00:00 +0530 Sat, 18 Feb 2017 16:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190557 The High Court of Calcutta held that a mortgagee must follow the terms of the mortgage deed when applying payments, with a presumption that payments are allocated to outstanding interest first. The Court ruled against the party, awarding costs to the Commissioner of Income Tax. It emphasized the importance of asking questions for opinion based on specific case facts and addressing them individually. Justice Costello concurred with the decision. Case-Laws Income Tax Fri, 28 Feb 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190557