https://www.taxtmi.com/caselaws?id=380114 The Tribunal upheld the CIT(A)'s decisions, dismissing the assessee's appeal regarding the rejection of the Section 10B exemption claim and the addition of interest on income tax refund as income from other sources. The Tribunal emphasized the failure to comply with procedural requirements for claiming Section 10B benefits and ruled that interest income should be taxed in the year of receipt under the mercantile system of accounting. The appeal was dismissed, affirming the CIT(A)'s decisions. en-us Wed, 08 May 2019 00:00:00 +0530 Mon, 13 May 2019 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380114 The Tribunal upheld the CIT(A)'s decisions, dismissing the assessee's appeal regarding the rejection of the Section 10B exemption claim and the addition of interest on income tax refund as income from other sources. The Tribunal emphasized the failure to comply with procedural requirements for claiming Section 10B benefits and ruled that interest income should be taxed in the year of receipt under the mercantile system of accounting. The appeal was dismissed, affirming the CIT(A)'s decisions. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380114