https://www.taxtmi.com/caselaws?id=26795 The court held that the interest received by the assessee should be treated as income for the assessment year 1971-72, rejecting the deduction of repaid interest. The interest on U.P. Zamindari Bonds was included in favor of the Revenue. The deduction of expenditure on Visiting Officers' Quarters was also disallowed. The court ruled in favor of the Revenue on most issues, except for the deduction of repaid interest for the assessment year 1973-74, where the decision favored the assessee. The parties were directed to bear their own costs due to mixed success and failure. en-us Tue, 07 Jan 1986 00:00:00 +0530 Mon, 08 Feb 2010 15:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26795 The court held that the interest received by the assessee should be treated as income for the assessment year 1971-72, rejecting the deduction of repaid interest. The interest on U.P. Zamindari Bonds was included in favor of the Revenue. The deduction of expenditure on Visiting Officers' Quarters was also disallowed. The court ruled in favor of the Revenue on most issues, except for the deduction of repaid interest for the assessment year 1973-74, where the decision favored the assessee. The parties were directed to bear their own costs due to mixed success and failure. Case-Laws Income Tax Tue, 07 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26795