https://www.taxtmi.com/caselaws?id=300386 The Tribunal ruled in favor of the assessee, holding that the profit on redemption of IDBI deep discount bonds should be treated as capital gain, not income from other sources. The circular in question was deemed to have prospective effect, benefiting the assessee. The appeal was allowed in part, with the Tribunal dismissing the issue regarding the charging of interest under Sections 234B and 234C of the Act as inconsequential due to the favorable outcome on the first issue. en-us Thu, 03 Jul 2008 00:00:00 +0530 Sat, 29 Jan 2022 14:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300386 The Tribunal ruled in favor of the assessee, holding that the profit on redemption of IDBI deep discount bonds should be treated as capital gain, not income from other sources. The circular in question was deemed to have prospective effect, benefiting the assessee. The appeal was allowed in part, with the Tribunal dismissing the issue regarding the charging of interest under Sections 234B and 234C of the Act as inconsequential due to the favorable outcome on the first issue. Case-Laws Income Tax Thu, 03 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300386