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TMI Blog2013 (9) TMI 892X X X X Extracts X X X X X X X X Extracts X X X X ..... peal has been preferred by the revenue under Section 260-A of the Income Tax Act,1961 (in short, "the Act") against the order dated 31.10.2008, Annexure A.3, passed by the Income Tax Appellate Tribunal,Chandigarh Bench-B (in short, "the Tribunal") in ITA No.460/Chandi/2008, for the assessment year 2005-06. The appeal was admitted on 21.7.2009 to consider the question formulated in the order dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount from the disputed property. During the course of assessment proceedings, the assessee submitted that the interest had been released on submission of security bond and he was not the final owner of the amount as court proceedings were still going on. The Assessing Officer vide order dated 28.12.2007, Annexure A.1 did not accept the contention of the assessee and taxed the interest income am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el for the appellant submitted that the Tribunal while dismissing the appeal of the revenue had relied upon the decision in Karanbir Singh's case (supra) against which SLP was filed before the Hon'ble Supreme Court. The Apex Court remanded the matter to this Court for deciding the appeal afresh in view of the judgment in CIT v. Ghanshyam (2009) 315 ITR 1. Learned counsel relied upon subsequent dec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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