2024 (12) TMI 991 - SCH - Income Tax

Correct head of income - interest earned is from the funds received as grants from the Government, for construction of buildings of the Police Department - as decided by HC 2023 (9) TMI 1617 - PATNA HIGH COURT interest income earned from the grants made by the Government for the purpose of construction of buildings for the Police Department can only be treated as income from other sources - Delay filling SLP HELD THAT - There is a gross delay of 364 days in filing the Special Leave Petition which has not been satisfactorily explained by the petitioner. Special Leave Petition is, accordingly, dismissed on the ground of delay. Pending applications, if any, also stand disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition due to a gross delay of 364 days in filing, which was not satisfactorily explained by the petitioner. Pending applications were also disposed of. (TMI citation)