https://www.taxtmi.com/caselaws?id=24921 The Tribunal rejected the Revenue's application under section 256(2) of the Income-tax Act, 1961, regarding interest charged by the assessee, upholding the claim of simple interest over compound interest based on the evidence presented. The Tribunal found that the document suggesting compound interest did not establish a presumption of compound interest, leading to the rejection of the application as the issue was considered a question of fact. en-us Wed, 13 Apr 1988 00:00:00 +0530 Sat, 23 Jan 2010 12:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24921 The Tribunal rejected the Revenue's application under section 256(2) of the Income-tax Act, 1961, regarding interest charged by the assessee, upholding the claim of simple interest over compound interest based on the evidence presented. The Tribunal found that the document suggesting compound interest did not establish a presumption of compound interest, leading to the rejection of the application as the issue was considered a question of fact. Case-Laws Income Tax Wed, 13 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24921