https://www.taxtmi.com/caselaws?id=59254 The Tribunal allowed the assessee's appeals, ruling in favor of the assessee and against the CIT(A)'s decision to disallow the interest amounts and uphold the proceedings under s. 147(a). The Tribunal held that the interest received was not taxable as it was part of a financial arrangement where the amounts were essentially payable by the assessee to another party. en-us Wed, 11 Feb 1981 00:00:00 +0530 Mon, 27 Dec 2010 15:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59254 The Tribunal allowed the assessee's appeals, ruling in favor of the assessee and against the CIT(A)'s decision to disallow the interest amounts and uphold the proceedings under s. 147(a). The Tribunal held that the interest received was not taxable as it was part of a financial arrangement where the amounts were essentially payable by the assessee to another party. Case-Laws Income Tax Wed, 11 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59254