https://www.taxtmi.com/caselaws?id=16307 Interest income received from a foreign bank remained taxable on the gross amount accrued or received, even though tax had been deducted at source abroad. Foreign tax deduction did not alter the taxable character of the receipt or justify assessment only on the net figure. Applying the same principle previously used for dividend income, the Tribunal's view that only net interest was taxable was held incorrect, and the referred question was answered in favour of the Revenue. en-us Wed, 26 Nov 1997 00:00:00 +0530 Sat, 05 Sep 2009 18:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16307 Interest income received from a foreign bank remained taxable on the gross amount accrued or received, even though tax had been deducted at source abroad. Foreign tax deduction did not alter the taxable character of the receipt or justify assessment only on the net figure. Applying the same principle previously used for dividend income, the Tribunal's view that only net interest was taxable was held incorrect, and the referred question was answered in favour of the Revenue. Case-Laws Income Tax Wed, 26 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16307