https://www.taxtmi.com/caselaws?id=14573 The Court dismissed the original petitions challenging the order under section 264 of the Income-tax Act, 1961, holding that the interest received by the legal representatives on the refund of the amount deposited by the deceased assessee should be treated as income of the legal heirs. The judgment emphasized the application of legal provisions and precedents in determining the taxability of interest amounts received by legal representatives, highlighting the distinction between capital receipts and taxable income in estate matters. en-us Tue, 31 Oct 2000 00:00:00 +0530 Fri, 17 Jul 2009 12:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14573 The Court dismissed the original petitions challenging the order under section 264 of the Income-tax Act, 1961, holding that the interest received by the legal representatives on the refund of the amount deposited by the deceased assessee should be treated as income of the legal heirs. The judgment emphasized the application of legal provisions and precedents in determining the taxability of interest amounts received by legal representatives, highlighting the distinction between capital receipts and taxable income in estate matters. Case-Laws Income Tax Tue, 31 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14573