https://www.taxtmi.com/caselaws?id=285804 The Tribunal allowed the appeal in favor of the assessee, holding that interest paid and received from the Government of India should be considered together for tax purposes. The decision emphasized that setting off interest paid against interest received was permissible under the Income Tax Act, 1961, following precedents from the Hon'ble Bombay High Court and the Tribunal in similar cases. en-us Mon, 27 Apr 2015 00:00:00 +0530 Mon, 19 Jul 2021 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285804 The Tribunal allowed the appeal in favor of the assessee, holding that interest paid and received from the Government of India should be considered together for tax purposes. The decision emphasized that setting off interest paid against interest received was permissible under the Income Tax Act, 1961, following precedents from the Hon'ble Bombay High Court and the Tribunal in similar cases. Case-Laws Income Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285804