https://www.taxtmi.com/caselaws?id=359362 The Supreme Court held that the alleged additional interest payable to PSUs could not be assessed as the Respondent's income. The Respondent acted as a broker for the Indian Bank, holding the amount in trust for the PSUs. The Court upheld the High Court's decision, which determined that the Respondent's role was that of a broker facilitating transactions for the bank, based on evidence from criminal proceedings and the conduct of the parties. The appeal was dismissed, and all related appeals were disposed of accordingly. en-us Tue, 24 Apr 2018 00:00:00 +0530 Thu, 16 Aug 2018 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359362 The Supreme Court held that the alleged additional interest payable to PSUs could not be assessed as the Respondent's income. The Respondent acted as a broker for the Indian Bank, holding the amount in trust for the PSUs. The Court upheld the High Court's decision, which determined that the Respondent's role was that of a broker facilitating transactions for the bank, based on evidence from criminal proceedings and the conduct of the parties. The appeal was dismissed, and all related appeals were disposed of accordingly. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359362