2013 (7) TMI 289

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..... CHIEF JUSTICE MR.BHASKAR BHATTACHARYA) This appeal under section 260A of the Income Tax Act, 1961 [the Act, hereafter] is at the instance of the Revenue and is directed against order dated 17th September 2010 passed by the Income Tax Appellate Tribunal, Ahmedabad 'D' Bench in ITA No. 4337/Ahd/2007 for the Assessment Year 2005-06 by which the Tribunal dismissed the appeal preferred by the Revenue. .....

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..... lding that interest paid by debtors for late payment of sale proceeds would form part of the eligible income for the purpose of computing relief under section 80-I of the Act. Therefore, the said question was rightly answered against the Revenue by the Tribunal by following the principles laid down by the Division Bench of this Court. As regards the second question, since the tax-effect is less t .....

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