https://www.taxtmi.com/caselaws?id=60302 The Tribunal dismissed the appeals, upholding the CIT(A)'s decision that interest received under an agreement of sale was taxable as a revenue receipt. The Tribunal determined that the interest was compensation for delayed payment and not part of the sale consideration, thus correctly subject to taxation. en-us Mon, 22 Jul 1991 00:00:00 +0530 Tue, 04 Jan 2011 15:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60302 The Tribunal dismissed the appeals, upholding the CIT(A)'s decision that interest received under an agreement of sale was taxable as a revenue receipt. The Tribunal determined that the interest was compensation for delayed payment and not part of the sale consideration, thus correctly subject to taxation. Case-Laws Income Tax Mon, 22 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60302