2007 (11) TMI 40

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..... A. No. 306 of 2002 - - - Dated:- 12-11-2007 - JUDGMENT The judgment of the court was delivered by K. L. MANJUNATH J. This appeal is by the Revenue challenging the order passed by the Income-tax Appellate Tribunal, Bangalore dated March 28, 2002, whereunder, the Tribunal has confirmed the order passed by the Assessing Officer. 2 The question of law raised by the Revenue in this appeal .....

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..... llate Tribunal. This appeal is filed against the concurrent findings of the courts below. 4 Having heard counsel for both sides, we have noticed that the investment of amount in fixed deposits by the assessee was only to secure a bank guarantee to be offered to M/s. KPTCL in order to acquire a contract work. Therefore, it cannot be treated as an income from other sources and interest accrued o .....

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