https://www.taxtmi.com/caselaws?id=365382 Once the reassessment was quashed by the first appellate authority and that finding was not challenged by the Revenue, the appeal on the merits of the taxability of interest income became infructuous. The tribunal held that no useful purpose would be served by examining the applicable tax rate when the foundational reassessment itself no longer survived for adjudication, and the Revenue's appeal was dismissed on that basis. en-us Mon, 13 Aug 2018 00:00:00 +0530 Thu, 16 Aug 2018 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365382 Once the reassessment was quashed by the first appellate authority and that finding was not challenged by the Revenue, the appeal on the merits of the taxability of interest income became infructuous. The tribunal held that no useful purpose would be served by examining the applicable tax rate when the foundational reassessment itself no longer survived for adjudication, and the Revenue's appeal was dismissed on that basis. Case-Laws Income Tax Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365382