2023 (7) TMI 1522 - SCH - Income Tax

Interest credited to Interest Suspense Account taxed in earlier years now written off during the year - whether the interest is taxable in the year of credit of the suspense account or in the year of recovery? - disallowance of contribution to SBI retired employees medical fund u/s 40(9) - ITAT directing AO to delete addition - As decided by HC 2019 (6) TMI 1714 - BOMBAY HIGH COURT both these questions form part of the revenue s grounds of appeal in Income Tax Appeal 2019 (6) TMI 1183 - BOMBAY HIGH COURT which by an order passed today we have dismissed. HELD THAT - This Court is of the opinion that the impugned order does not call for interference. The special leave petition is accordingly dismissed.

Summary

The Supreme Court of India dismissed the special leave petition as it found no reason to interfere with the impugned order. Pending applications were also disposed of.