1992 (5) TMI 59 - AT - Income Tax

Summary

The ITAT Delhi-B upheld the CIT(A)'s decision to delete the addition of Rs. 4,41,385 on account of accrued interest. The Tribunal ruled that the right to obtain interest had not accrued to the assessee after the institution of the suit in the Delhi High Court. The application for reference under s. 256(1) of the IT Act was dismissed. (Case: 1992 (5) TMI 59 - ITAT DELHI-B)