https://www.taxtmi.com/caselaws?id=29433 The High Court of Calcutta upheld the Tribunal's decision to include interest from debtors in the assessee's income for the assessment years 1963-64 and 1965-66. The Court found that the Tribunal's findings were based on a careful consideration of evidence and not on conjecture. The Court also noted that the failure to argue a specific point before the Tribunal led to the decision regarding interest on a particular debtor. The judgment favored the Revenue, affirming the inclusion of interest in the assessee's income for both assessment years. en-us Thu, 11 Dec 1980 00:00:00 +0530 Fri, 12 Mar 2010 17:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29433 The High Court of Calcutta upheld the Tribunal's decision to include interest from debtors in the assessee's income for the assessment years 1963-64 and 1965-66. The Court found that the Tribunal's findings were based on a careful consideration of evidence and not on conjecture. The Court also noted that the failure to argue a specific point before the Tribunal led to the decision regarding interest on a particular debtor. The judgment favored the Revenue, affirming the inclusion of interest in the assessee's income for both assessment years. Case-Laws Income Tax Thu, 11 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29433