February 2007

Section 5

Uttarakhand H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that interest accrued and paid to the assessee on additional compensation is not taxable on accrual basis by overlooking the decision of the Supreme Court in the case of Rama Bai vs. CIT (1990) 84 CTR (SC) 164 : (1990) 181 ITR 400 (SC) ?

High Court Of Uttarakhand CIT vs. Dehradun Tea Company Section 5 Asst. Years 1984-85, 1985-86, 1986-87, 1987-88, 1988-89, 1990-91, 1991-92

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