2008 (4) TMI 216 - HC - Income Tax

Whether ITAT is right in holding that if the litigation was pending before a Court and had not attained finality, interest would not accrue and could be subjected to tax only when it was finally determined - appeals of the revenue raising the similar question of law have already been dismissed by this Court in connected matters - In the light of the above fact, no substantial question of law survives for our consideration in this appeal

Summary

The High Court of Punjab and Haryana dismissed the revenue's appeal under Section 260A of the Income-tax Act, 1961. The court declined to entertain the appeal as similar questions of law had been dismissed previously. The appeal was deemed without merit and dismissed.