https://www.taxtmi.com/caselaws?id=25443 The court ruled in favor of the Revenue on issues regarding assessment order time bar, interest income accrual, ownership of cinema assets, nature of expenditure, interpretation of tax rules, and disallowance of guest house expenses. However, the court favored the assessee in the appeal against the penal interest levy under the Income-tax Act. en-us Tue, 27 Jan 1987 00:00:00 +0530 Thu, 28 Jan 2010 16:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25443 The court ruled in favor of the Revenue on issues regarding assessment order time bar, interest income accrual, ownership of cinema assets, nature of expenditure, interpretation of tax rules, and disallowance of guest house expenses. However, the court favored the assessee in the appeal against the penal interest levy under the Income-tax Act. Case-Laws Income Tax Tue, 27 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25443