Supreme Court · 2008 INSC 1143 · Decided 13 October 2008
The Commissioner of Income Tax, Ii, Tiruchirapalli v. City Union Bank LTD.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 1143 · [2008] 14 S.C.R. 385
- Case number
- CIVIL APPEAL No. 2690/2006
- Decided
- 13 October 2008
- Bench
- ARIJIT PASAYAT, MUKUNDAKAM SHARMA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 260A
Headnote
385 THE COMMISSIONER OF INCOME TAX, II, TIRUCHIRAPALLI v. CITY UNION BANK LTD. (Civil Appeal No. 2690 of 2006) OCTOBER 13, 2008 [DR. ARIJIT PASAYAT AND DR. MUKUNDAKAM SHARMA, JJ] Interest Tax Act, 1974: s. 2(7) - Interest earned by Bank on Government Secu­ rities - HELD: The Tribunal would to whether interest earned by assessee Bank on Government Securities was liable to be assessed u/s 2(7) of the Interest Act, 1974. A B c D Disposing of the appeal, the Court E HELD: Let the Tribunal examine the factual posi­ tion as to whether the interest involved in the instant case is on
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