https://www.taxtmi.com/caselaws?id=420208 The Court quashed the impugned order and notices challenging the taxation of interest income earned by a foreign assessee on rupee denominated bonds, allowing for a fresh reassessment notice. The petitioner's argument for a concessional tax rate was not accepted due to discrepancies in document submission, leading to the decision in favor of the Revenue for reassessment in compliance with the law. The judgment kept the rights and contentions of all parties open for future proceedings. en-us Tue, 22 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420208 The Court quashed the impugned order and notices challenging the taxation of interest income earned by a foreign assessee on rupee denominated bonds, allowing for a fresh reassessment notice. The petitioner's argument for a concessional tax rate was not accepted due to discrepancies in document submission, leading to the decision in favor of the Revenue for reassessment in compliance with the law. The judgment kept the rights and contentions of all parties open for future proceedings. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420208