1995 (7) TMI 57

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lowing question : " Whether, on the facts and in the circumstances of the case, income received by the assessee by way of interest under section 244 of the Income-tax Act, 1961, on refund determined and quantified under section 240 of the said Act was not assessable in the year of receipt ? " The facts indicate, inter alia, that the assessee is a Hindu undivided family. The assessment year i....