1992 (2) TMI 77

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....-2-1992<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : ARIJIT PASAYAT., S. K. MOHANTY&nbsp; JUDGMENT Pursuant to the direction given by this court, reference has been made by the Income-tax Appellat....

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.... this court in the case, of Govinda Choudhury and Sons v. CIT [1977] 109 ITR 497. It was observed in the said case that the interest component of an arbitration award is not taxable, being in the natu....