2018 (6) TMI 1878

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....1 : Mr. Varun K. Patel(3802). For the Respondent(s) No. 1 : None. ORAL ORDER PER : HONOURABLE MR. JUSTICE AKIL KURESHI 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 26.05.2017 raising following question for our consideration: "[a] Whether in the facts and circumstances of the case, the learned ITAT has erred in law and on facts in dele....

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....Board had received certain donations for application for specified purposes. The assessee parked the funds and earned the interest. The assessee neither could apply the interest for the noted purpose, nor returned the interest to the donor. In this background, the question of taxing the interest arose. We are informed the assessee had lost the issue upto the level of Tribunal but the assessee'....