https://www.taxtmi.com/caselaws?id=284998 The Tribunal dismissed the department's appeals, upholding the CIT(A)'s order that the interest accrued on the special fund investments is not taxable in the hands of the assessee. The Tribunal affirmed that the CIT(A)'s order is consistent with the ITAT's earlier decision and the provisions of the IT Act, 1961. The department's contention that the interest income has not been shown by REC does not justify taxing it in the hands of the assessee. All appeals by the department were dismissed. en-us Fri, 19 Jun 2015 00:00:00 +0530 Fri, 20 Dec 2019 18:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284998 The Tribunal dismissed the department's appeals, upholding the CIT(A)'s order that the interest accrued on the special fund investments is not taxable in the hands of the assessee. The Tribunal affirmed that the CIT(A)'s order is consistent with the ITAT's earlier decision and the provisions of the IT Act, 1961. The department's contention that the interest income has not been shown by REC does not justify taxing it in the hands of the assessee. All appeals by the department were dismissed. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284998