https://www.taxtmi.com/caselaws?id=59661 The Revenue's appeal against the CIT(A)'s order for assessment under s. 143(3) of the IT Act, 1961 for the assessment year 1994-95 was dismissed. The Tribunal ruled against adding interest on Government securities and IRFC bonds. Additionally, the assessee's cross-objection regarding income from commercial paper was partially allowed, with the Tribunal determining that income from commercial paper should not be subjected to interest tax. The decision was based on the nature of commercial paper transactions and the definition of 'interest' under the Interest-tax Act, 1974. en-us Mon, 30 Jun 2003 00:00:00 +0530 Tue, 19 Jun 2012 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59661 The Revenue's appeal against the CIT(A)'s order for assessment under s. 143(3) of the IT Act, 1961 for the assessment year 1994-95 was dismissed. The Tribunal ruled against adding interest on Government securities and IRFC bonds. Additionally, the assessee's cross-objection regarding income from commercial paper was partially allowed, with the Tribunal determining that income from commercial paper should not be subjected to interest tax. The decision was based on the nature of commercial paper transactions and the definition of 'interest' under the Interest-tax Act, 1974. Case-Laws Income Tax Mon, 30 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59661