https://www.taxtmi.com/caselaws?id=12343 The court affirmed the Income-tax Appellate Tribunal's decisions on both issues. It upheld the allowance of interest paid to third parties based on the assessee's case history. Additionally, the court ruled that the sales tax refund received during the relevant year was not taxable income under section 41(1)(a) as there was no specific consideration and allowance in prior assessment years. The appeal was dismissed with no order as to costs. en-us Thu, 18 Apr 2002 00:00:00 +0530 Mon, 22 Feb 2010 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12343 The court affirmed the Income-tax Appellate Tribunal's decisions on both issues. It upheld the allowance of interest paid to third parties based on the assessee's case history. Additionally, the court ruled that the sales tax refund received during the relevant year was not taxable income under section 41(1)(a) as there was no specific consideration and allowance in prior assessment years. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Thu, 18 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12343