https://www.taxtmi.com/caselaws?id=777883 Interest income taxation must be computed at the lower rate available under the applicable treaty and domestic provisions where the record supports that rate. An erroneous higher rate applied by the assessee does not entitle the revenue to retain that excess burden if the correct legal rate is otherwise available. The matter was restored for the assessee to produce supporting evidence and for the Assessing Officer to verify the applicable rate in accordance with law; if the claim is substantiated, the lower-rate computation is to be allowed. en-us Thu, 04 Sep 2025 00:00:00 +0530 Sat, 06 Sep 2025 08:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777883 Interest income taxation must be computed at the lower rate available under the applicable treaty and domestic provisions where the record supports that rate. An erroneous higher rate applied by the assessee does not entitle the revenue to retain that excess burden if the correct legal rate is otherwise available. The matter was restored for the assessee to produce supporting evidence and for the Assessing Officer to verify the applicable rate in accordance with law; if the claim is substantiated, the lower-rate computation is to be allowed. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777883