https://www.taxtmi.com/caselaws?id=428743 The High Court allowed the exemption applications in ITA 376/2022 and ITA 377/2022, subject to all just exceptions, and disposed of the applications accordingly. The delay in filing the appeals in ITA 376/2022 and ITA 377/2022 was condoned by the court, and the appeals challenging the Impugned Order dated 5th October, 2020 by the ITAT were dismissed as no substantial question of law arose for consideration. Ownership of fixed deposits and interest pending final award by the Arbitral Tribunal was clarified, determining that the interest income could not be considered until the final award was passed. en-us Thu, 06 Oct 2022 00:00:00 +0530 Sun, 09 Oct 2022 21:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428743 The High Court allowed the exemption applications in ITA 376/2022 and ITA 377/2022, subject to all just exceptions, and disposed of the applications accordingly. The delay in filing the appeals in ITA 376/2022 and ITA 377/2022 was condoned by the court, and the appeals challenging the Impugned Order dated 5th October, 2020 by the ITAT were dismissed as no substantial question of law arose for consideration. Ownership of fixed deposits and interest pending final award by the Arbitral Tribunal was clarified, determining that the interest income could not be considered until the final award was passed. Case-Laws Income Tax Thu, 06 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428743