2013 (10) TMI 1362

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....ected against the order dated 6-12-2006 rendered by the Income Tax Appellate Tribunal, Bangalore Bench "B" in ITA No.275/Bang/2005 whereby, the revenue's appeal came to be dismissed. 2. This appeal was admitted to consider the following substantial questions of law: "(i)  Whether the Appellate Authorities were correct in holding that the miscellaneous income derived from penal interest....

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....t appeal stand answered. In other words, he submitted that in view of the said judgment the first question of law will have to be answered in favour of assessee and against the respondent- revenue and the second question will have to be answered in favour of the revenue and against the assessee in terms of the said judgment. 4. The learned counsel for the respondent-assessee, does not dispute the....