1992 (2) TMI 77

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..... r>Income
Judge(s) : ARIJIT PASAYAT., S. K. MOHANTY JUDGMENT Pursuant to the direction given by this court, reference has been made by the Income-tax Appellate Tribunal, Cuttack Bench (in short, .....

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..... ry and Sons v. CIT [1977] 109 ITR 497. It was observed in the said case that the interest component of an arbitration award is not taxable, being in the nature of a capital receipt. We are in agreemen .....

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