https://www.taxtmi.com/caselaws?id=60467 The Tribunal held that the interest income from short-term fixed deposits belonged to the assessee, not the non-resident principals, despite initial crediting based on RBI's instructions. The Commissioner (Appeals) was deemed wrong in removing the Rs. 3,43,573 addition from the assessment. The Tribunal reversed the Commissioner's decision, siding with the ITO and allowing the revenue's appeal. en-us Wed, 18 Jul 1984 00:00:00 +0530 Wed, 05 Jan 2011 14:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60467 The Tribunal held that the interest income from short-term fixed deposits belonged to the assessee, not the non-resident principals, despite initial crediting based on RBI's instructions. The Commissioner (Appeals) was deemed wrong in removing the Rs. 3,43,573 addition from the assessment. The Tribunal reversed the Commissioner's decision, siding with the ITO and allowing the revenue's appeal. Case-Laws Income Tax Wed, 18 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60467